Iran's Newly Launched South Pars Phase 12 Producing 3 bcf of Gas Per Day

Iran’s newly-launched Phase 12 of South Pars gas field is producing 3 bcf/d or 84 mcm/d of gas, managing-director of Pars Oil and Gas Company said earlier this week.

Ali-Akbar Shabanpour made the remarks on Tuesday after the inauguration of Phase 12 of South Pars by President Hassan Rouhani in southern Iran, Shana News reported.

Meanwhile, Rokneddin Javadi, managing-director of National Iranian Oil Company, said that South Pars gas field is estimated to earn Iran $127 billion in annual revenues in three years.

He said that South Pars output is forecast to reach 250 bcm a year by that time, Shana reported.

South Pars holds 40 percent of Iran’s gas reserves. This field spread over 3,700 square kilometers, contains 14.2 tcm of gas and 19 billion barrels of gas condensate.