South Pars Oil Layer is a producing heavy oil field located in shallow water in Iran and is operated by Pars Oil and Gas. The field has water depth of 231 feet.
An expansion project is associated with the South Pars Oil Layer, namely 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 30.73% 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 90.76 Mmboe, comprised of 90.76 Mmbbl of crude oil & condensate. South Pars Oil Layer heavy oil field reserves accounts 0.21% of total remaining reserves of producing heavy oil fields globally.
Contractors involved in the South Pars Oil Layer heavy oil field
The key contractors involved in the South Pars Oil Layer project as follows.
Other Contractors: A.P. Moller – Maersk
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.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.