South Pars Oil Layer is a producing heavy oil field 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, the field has water depth of 231 feet. Buy the profile here.
An expansion project is associated with the South Pars Oil Layer, namely the South Pars Oil Layer Phase 2. This project is currently in the feasibility stage.
Field participation details
The field is owned by National Iranian Oil.
Production from South Pars Oil Layer
The South Pars Oil Layer heavy oil field recovered 36.72% of its total recoverable reserves, with peak production in 2018. The peak production was approximately 25.76 thousand bpd of crude oil and condensate. Based on economic assumptions, production will continue until the field reaches its economic limit in 2061.
Remaining recoverable reserves
The field is expected to recover 82.92 Mmboe, comprised of 82.92 Mmbbl of crude oil & condensate. South Pars Oil Layer heavy oil field reserves accounts 0.19% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the South Pars Oil Layer heavy oil field
Some of the key contractors involved in the South Pars Oil Layer project as follows.
EPC Contractors: Iranian Offshore Engineering and Construction and Chalmers Enigineering
Other Contractors: A.P. Moller - Maersk and Chalmers Enigineering
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.
For more details on the South Pars Oil Layer Heavy Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
