TEHRAN August 6 (Shana)–The massive offshore South Pars gas production is expected to increase by 200 mcm/d by March 2016, a deputy petroleum minister said.
“Petroleum Ministry is making efforts to raise gas production from South Pars by 200 mcm/d by the end of [Iranian calendar year] 1394 and drive it out of crisis,” Emad Hosseini said.
South Pars 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 are situated in Qatar’s territorial waters.
The gas field is estimated to contain a significant amount of natural gas, accounting for about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.
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