South Pars Daily Production Capacity Up by 500 mcf

Daily production capacity of Iran’s South Pars gas field has increased by 500 million cubic feet, Shana News quoted head of Pars Oil and Gas Company (POGC) as saying.

Ali-Akbar Shabanpour said the jump comes after four new wells were spudded by the SPD 1 drilling rig and 400mfc/d of gas is now being recovered from the platform.

The SPD1 platform of Phase 1 can now produce 1bcf/d of gas, he said.

South Pars field, shared with Qatar, covers an area of 500 square miles and is located 3,000m below the seabed at a water depth of 65m. The Iranian side accounts for 10 percent of the world's and 60 percent of Iran's total gas reserves, Shana added. Iran's portion of the field contains an estimated 436 tcf.

Phase 1 development of the gas field is operated by Petropars.