South Pars Phase 1 is a producing conventional gas 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 is located in block South Pars Phase 1, with water depth of 231 feet. Buy the profile here.
Field participation details
The field is owned by National Iranian Oil.
Production from South Pars Phase 1
The South Pars Phase 1 conventional gas field recovered 92.67% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 44.00 thousand bpd of crude oil and condensate and 970.00 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2030. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 91.99 Mmboe, comprised of 14.04 Mmbbl of crude oil & condensate and 467.73 bcf of natural gas reserves. South Pars Phase 1 conventional gas field reserves accounts 0.03% of total remaining reserves of producing conventional gas fields globally.
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 Phase 1 Conventional Gas Field, buy the profile here.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
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.
