The official in charge of phase 12 of South Pars gas field Rasoul Fallahnejad said the production ceiling of the phase will rise 60 million cubic meters a day by the end of the first half of the Iranian year (started March 21, 2015) by drilling new wells in platform B of Phase 12.
The present production of the phase, without taking into account the gas amount it receives from phases 6-8, stands at 50 million cubic meters a day.
South Pars, divided into 29 development phases, holds 40 tcm of natural gas, or 21% of world’s total gas reserves, and 50 billion barrels of condensate.
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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