South Pars Project - Profile
Posted on: Sunday, 25 December 2005, 12:00 CST
According to "Tehran Times", each phase of the South Pars Project earns about 4 million dollars a day, so a one-day delay in operations at the gas field could mean the same amount of loss. Iranian oil officials say the giant field can be operated for a maximum of 30 years
. With an area of more than 1300 square kilometers, South Pars is one of the world's largest natural gas fields. Extraction operations at the first five phases of the project is underway, while work is reported to be 85% complete in the next three phases (6,7, and 8). The field's total daily gas production now reaches 28 billion cubic feet. Estimates show that Iran has so far extracted a total of 92 billion cubic meters of gas from the field, while Qatar, which co-owns the field with Iran, has picked up 237 billion cubic meters.Source: Info-Prod Research (Middle East)
Related Articles
- Panhandle Oil & Gas Inc. Announces Proved Reserve and Production Increases for Fiscal 2008; Discloses Probable and Possible Reserve Potential
- Study Profiles of the Major Companies Operating In the Oil and Gas Sector in Turkey Together With the Latest News and Deals Are Also Included In the Report
- New Zealand Oil and Gas Markets Investment Opportunities Analysis and Forecasts to 2020 Profiles the Major Companies Operating In the Oil and Gas Sector
- More U.S. Gas Drilling Likelier Than Oil
- Associated Natural Gas the Billion Dollar Bonfire Tamed By Methion.Com
- Research and Markets: New Report Anticipates That the Consumption of Shanghai Natural Gas Will Reach 2.9 Billion Cubic Meters in 2007
- Resource Potential of Dejour Piceance/Uinta Properties Pegged at 5.3 Trillion Cubic Feet of Natural Gas and 2 Billion Barrels of Oil
- Russia, Kazakhstan Sign Gas Agreement
- Alaska Gas Contract Seeks Few Commitments
- Vapors Agree With Consol, CNX Gas Spinoff
Rating: 3.1 / 5 (8 votes)
 |
 |
Rate this article:
User Comments (0)
RSS Feeds