Iran postpones developing two phases of South Pars gas field
Despite the phases 15 and 16 of the South Pars gas field had
been scheduled to come on stream by the end of the current Iranian
calendar year (March 20, 2013), but the plan has been postponed to
the next year, ISNA reported.
This is while the managing director of Pars Oil and Gas Company
said in September 2012 that three phases of Iran's South Pars gas
field, namely the phases 15, 16, and 12, will be inaugurated by the
end of the current Iranian calendar year.
"The phases 15, 16, and 12 will come on stream by the end of the
year and will start early production," POGC chief Mousa Souri said,
the Mehr news agency reported.
Totally, the three phases are projected to produce 25 million cubic
meters of gas per day, he added.
In December 2012, Souri said that Iran can earn $8 billion in
revenue from every phase of the South Pars gas field.
He noted that the gas field accounts for eight percent of the
global gas reserves, adding that the development of every one of
the 24 phases of the gas field can cause a one-percent growth in
the national economy.
Iran is currently producing 300 million cubic meters per day of gas
from the South Pars.
The country, which sits on the world's second largest natural gas
reserves after Russia, has been trying to enhance its gas
production by increasing foreign and domestic investments,
especially in the South Pars gas field.
The South Pars gas field covers an area of 9,700 square kilometers,
3,700 square kilometers of which are in Iran's territorial waters
in the Persian Gulf.
The remaining 6,000 square kilometers, i.e. North Dome, are in
Qatar's territorial waters.
The Iranian gas field contains 14 trillion cubic meters of natural
gas, about eight percent of the world's reserves, and more than 18
billion barrels of LNG resources.