Iran says its gas recovery from the supergiant South Pars gas field will catch up with that of Qatar before the end of the current Iranian calendar year which began on March 20.
“Development of Sough Pars gas field is a perfect manifestation of practicing the Resistive Economy policies as it boosts the country’s exports and production of value added items,” said the official.
He said an investment of $50.5b has made for development of phases 12 to 24 of South Pars so far.
Referring to phase 19 development, he said the phase includes 4 platforms each with 5 4,000-meter wells with 900 meters dug horizontally.
He said Iran is producing 55% of the gas Qatar has recovered from the field.
Last year, Iran produced 132 bcm from the field which was 75% of that of Qatar.
Phases 19 (equal to two normal phases), 20, 21 and 18 are planned to come online by the end of the current year.
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