Cumulative South Pars Gas Output Outruns 1.8 tcm

Source: www.gulfoilandgas.com 7/11/2021, Location: Asia

The volume of rich gas extracted from the South Pars joint gas field since its the beginning of its development has exceeded 1.8 trillion cubic meters.

According to Pars Oil and Gas Company, the total amount of production from the South Pars joint field from the beginning of operation to the end of the calendar year of 1399 which ended on March 20, has reached 1,867 billion cubic meters, as well as 2.2 billion barrels of gas condensate.

The value of South Pars products with an investment of nearly $80 billion is estimated at $335 billion (including 18 cents per cubic meter of rich gas in 2017).

The share of Iran's hydrocarbon reserves in the South Pars joint gas field is estimated at 14 trillion cubic meters of gas and 18 billion barrels of gas condensate in an area of ??3,700 square kilometers.

The South Pars field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field, with ownership of the field shared between Iran and Qatar. According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic meters) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic meters) of natural gas condensates. On the list of natural gas fields, it has almost as much recoverable reserves as all the other fields combined. It has significant geostrategic influence.


Norway >>  10/20/2021 - Preliminary production figures for September 2021 show an average daily production of 2,022,000 barrels of oil, NGL and condensate,

Total g...

Egypt >>  10/19/2021 - United Oil & Gas PLC ("UOG"), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased...

Nigeria >>  10/18/2021 - LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces its final audited results for the year t...
Azerbaijan >>  10/14/2021 - SOCAR achieved growth in drilling and production in the third quarter of 2021. The company conducted more than 20,000 meters1 of drilling, which is 82...

Iraq >>  10/14/2021 - Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued the following update.

Gross ope...

Trinidad and Tobago >>  10/14/2021 - Trinity Exploration & Production plc, the independent E&P company focused on Trinidad and Tobago, provides an update on its operations for the three-m...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.