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Iranian South Pars generated almost $360 billion in revenues over the last 20 years

South Pars,  the world's largest proven offshore natural gas field, accounts for 70% of Iran’s gas supply

Iranian South Pars generated almost $360 billion in revenues over the last 20 years

Source: Shana

Teheran, January 31 - Neftegaz.RU. Director of Production and Operations of Pars Oil & Gas Company announced the cumulative growth of gas production from South Pars since the beginning of operation in 2002 at about 2,000 billion m3.
Alireza Ebadi said:
  • Iran has generated almost $360 billion in revenues over the last 20 years by selling the gas field’s products, including gas condensates, natural gas and its derivatives
The duties of Pars Oil & Gas Company are divided into 2 areas of development and production, which are in the field of development, construction and operation of South Pars projects and in the field of production, according to the operation and management of the offshore sector, currently, more than 70% of the country's gas is extracted from the South Pars field.

More than $80 billion has so far been invested in South Pars.
The field saw its output increase 2.5-fold from 2013 to 2021.
Ebadi noted:
  • The South Pars joint gas field is blocked in such a way that it has the highest efficiency and exploitation, and considering that Qatar has about 60% of the total area of ​​the field, the amount of recovery should be measured taking into account this issue
The 1st production platform of South Pars came online in 2001 with a production capacity of 28 million m3 of gas per day.
Currently, the daily gas production capacity of the Iranian section of South Pars, with 37 production platforms, 372 wells, and 3,200 km of 32-inch subsea pipelines, has reached 700 million m3 per day.

Iran shares the South Pars/North Dome field, the largest in the world, with neighboring Qatar.
Iran started developing its own portion of South Pars about 20 years ago

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