Hadi Mirbagheri said the project to enhance recovery from the platform is completed and it has passed its pre-startup stage.
Now that Platform SPD1 is complete, Platform SPD2 will operate for Phase 19, he said.
South Pars, which is shared with Qatar, expands on 9,700 square kilometers of land, 3,700 sq m of which is in Iran’s territorial waters.
The field is estimated to contain gas and gas condensate standing at 230 billion barrels of crude oil equivalent. Iran’s share contains 14 tcm of gas and 17 billion barrels of gas condensate in place. The recoverable reserves stand at 10 tcm of gas and 9 billion barrels of condensate.
Iran’s sector of South Pars makes up 50 percent of the country’s and eight percent of the world’s gas reserves.
The Qatari sector contains 37 tcm of gas and 30 billion barrels of gas condensate in place. The recoverable reserves are at 26 tcm of gas and 10 billion barrels of condensate. The Persian Gulf Arab state’s share constitutes 99.9 percent of the country’s and 21 percent of the world’s gas reserves.
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