SOUTH PARS GAS PRODUCTION UP BY 35%
The South Pars gas production increased by 35%, a turning point in the development of the gas field, says Mehdi Yousefi, Managing Director of Pars Special Economic Energy Zone (PSEEZ). It would increase by 100 million cubic meters this year, he says.
South Pars contains 40 trillion cubic meters of natural gas. It covers an area of 9,700 sq km. Of which, 3,700 sq km are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 sq km are in Qatar's territorial waters. The gas field is estimated to contain about 8% of the world's reserves, and approximately 18 billion barrels of condensate. The main phase of South Pars gas field came onstream in March this year, increasing Iran's gas production by 100 mcm per day.