Tag Archives: South Pars Gas Complex Co. (SPGC)

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

The field holds an estimated 51 trillion cubic meters of gas and some 50 billion barrels of gas condensate.

South Pars is estimated to contain over six billion barrels of crude oil with the recovery rate of 10 percent.

South Pars is the world’s largest gas field. shared between Iran and Qatar.

Iran has been ramping up crude oil production to win back its market share since sanctions were lifted in January 2016 under a nuclear accord with P5+1.

The amount forms 8 percent of the world reserves. and 50 percent of the gas reserves in Iran.

The field is divided into 24 standard phases of development in the first stage. Most of the phases are fully operational at the moment.

South Pars gas field which is located in the Persian Gulf hosts the bulk of Iran’s natural gas reserves.

Iran is developing the mega gas project in 24 phases. of which 19 have already gone on stream.

The country aims to raise output to over 1 billion cubic meters by March 2018.