Tag Archives: Gas Field

Iran'.s total natural gas output has reached 840 mcm d from 490mcm d in 2013.

The company is expected to launch the platform of phase 22 of the gas field which is shared by Iran and Qatar. by June.

The $300-million FPSO unit was built in Singapore and will be deployed above the South Pars'. oil layer in the near future.

South Pars is the world'.s largest gas field shared by Iran and Qatar in the Persian Gulf.

There are two executive orders that are supposed to be renewed before summer.

It is estimated that the Iranian section of the field contains 14 trillion cubic meters of gas and 18 billion barrels of condensates in place.

.The oil layer is projected to hold heavy crude with an API gravity of 8-16

.The volume of gas in place (GIP) of the field is estimated at 42 to 56 TCF

.Gas extraction from South Pars gas field will rise to 550 million to 560 million cubic meters

.At the present time. America’s oil production has soared to nine million barrels per day