It said the recovery, which was 365 mcm/d on average, was more than 100 mcm/d higher year-on-year.
The administration of President Hassan Rouhani is determined to fully develop the supergiant gas field which is jointly operated by Iran and Qatar.
South Pars, divided into 29 development phases, contains 40 trillion cubic meters (tcm) of natural gas. It covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran’s territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar’s territorial waters.
The gas field is estimated to contain about eight percent of the world’s reserves, and approximately 18 billion barrels of condensate.
The main phase of South Pars gas field came on-stream in March, increasing Iran’s gas production by 100 mcm/d.
A Press TV report said new development phases of the giant offshore South Pars gas field in southern Iran are to come on-stream in the coming months as the county prepares to win toehold in global energy market.
Phases 15&16 of South Pars, which is jointly operated by Iran and Qatar, are becoming operational despite tough sanctions imposed on Iran’s energy sector in recent years.
Reza Forouzesh, manager of Phases 15&16, said the project is coming online in June, two months ahead of schedule.
Phases 15&16 of South Pars are aimed at producing 50 million cubic meters per day (mcm/d) of natural gas, 80,000 barrels per day (b/d) of gas condensate, 400 tons a day of sulfur as well as 1 million tons a year of liquefied natural gas (LPG) and 1 million tons of ethane.
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