North Pars is a conventional gas development located in shallow water in Iran and is operated by Pars Oil and Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, North Pars was discovered in 1967, lies in block North Pars, with water depth of around 98 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2026. The development cost is expected to be $4,000 m. The North Pars conventional gas development will involve the drilling of approximately 48 wells and includes wellhead platform.
Field participation details
The field is owned by National Iranian Oil.
Production from North Pars
Production from the North Pars conventional gas development project is expected to begin in 2026 and is forecast to peak in 2030, to approximately 11,760 bpd of crude oil and condensate and 3,528 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2059.
Remaining recoverable reserves
The field is expected to recover 5,642.93 Mmboe, comprised of 114.20 Mmbbl of crude oil & condensate and 33,172.30 bcf of natural gas reserves.
About Pars Oil and Gas
Pars Oil and Gas Company (POGC), a subsidiary of National Iranian Oil Company is an oil refining company that develops South Pars gas fields and North Pars gas fields. The company offers crude oil and natural gas. Its projects inlcude golshan gas field, ferdowsi gas field, oil layers of south pars, logistic projects. POGC’s logistic projects roads, ports, gas trunk lines, residential district, sea water intake, lood control facilities, welfare facilities, central power project and infrastructure and support facilities. The company also offers support services. POGC is headquartered in Tehran, Iran.
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