POGC is also collaborating with an unnamed French company to offset the natural decline in South Pars extraction rate .
Read More »POGC Offsets South Pars Gas Production Decline
Iran has been second-best to Qatar in gas production from South Pars.
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A major new oil gas discovery. similar to the giant South Pars Gas Field. is unlikely to take place.
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.The oil layer is projected to hold heavy crude with an API gravity of 8-16
Read More »Iran. Malaysia Boost Gas Cooperation
.The volume of gas in place (GIP) of the field is estimated at 42 to 56 TCF
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