TEHRAN, May 10, YJC - Managing Director of Pars Oil and Gas Company Mohammad Meshkin-Fam said South Pars output has reached 570 million cubic meters per day, equals with Qatar’s daily production.
TEHRAN, Young Journalists Club (YJC) -
He said Iran’s consumption is not high as the warm season is coming and Iran needs fundamental repair in the field. "We can have production as much as Qatar’s extraction anytime we want
South Pars – called the North Dome field in Qatar – is located in the Persian Gulf and is the world’s biggest largest gas field with estimated reserves of 51 trillion cubic meters of natural gas and some 50 billion barrels of condensate. Experts believe that the field has more recoverable reserves than all other fields combined.
Iran has so far developed 12 phases in the field – phases 1, 2&3, 4&5, 6-8, 9&10, 15&16. The remaining phases are 11, 12, 13, 14 and 22-24.