Tehran, YJC. Iran is boosting extraction from shared oil field with Qatar.
Qatar exploits 22 billion cubic feet gas from South Pars joint field with Iran, while Iranian output from the field will increase to 17 billion cubic feet, managing director of South Pars Oil and Gas Company Ali Akhar Sha'banpur said.
He told a press conference on Wednesday that the biggest phase of the South Pars Field, Phase 12, will officially open on Saturday, February 21, in the presence of President Hassan Rouhani.
Elaborating on the features of Phase 12, managing director of South Pars Oil and Gas Company said that its area, and respectively production capability, is three times greater than the regular phases of the offshore field.
Sha'banpur said that Phase 12 exploits three billion feet of sour gas from the seabed, equl to 84 million cubic meters, and after separating its gas derivatives, injects some 75 million cubic meters of sweet gas to the trans-Iranian gas pipeline network.
According to him, three main derricks and one satellite derrick are installed for the Phase 12, which altogether transfer that volume of gas to the refineries in the Iranian mainland.
He said that implementing the project took 110 months, equal to nine and a half years.Focusing on the gap between Iran and Qatar in gas output from the joint field, the managing director said that Iran's current production of 15 billion cubic meters, while Qatar produces 22 billion cubic feet.
IRNA quoted him as saying that Iran's 51% share in production of the required facilities for construction of the oil and gas facilities needed in the South Pars Field has increased to 66% in construction of the widescale Phase 12.