South Pars Phase 1 is a producing conventional gas field located in shallow water in Iran and is operated by Pars Oil and Gas. The field is located in block South Pars Phase 1, with water depth of 231 feet.
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 85.40% of its total recoverable reserves, with peak production in 2005. The peak production was approximately 44 thousand bpd of crude oil and condensate and 970 Mmcfd of natural gas. Based on economic assumptions, production will continue until the field reaches its economic limit in 2037. The field currently accounts for approximately 1% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 194.18 Mmboe, comprised of 22.32 Mmbbl of crude oil & condensate and 1,031.17 bcf of natural gas reserves. South Pars Phase 1 conventional gas field reserves accounts 0.07% 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.
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.