Hunt for more reserves at South Pars
Tehran’s attention is turning to underexplored areas of the field
Iran has kicked off a new drilling campaign at its offshore South Pars gas field in the hope of identifying new reserves, just a few months ahead of the 24-phase field development project’s completion. State-owned Pars Oil & Gas Co. (POGC), a subsidiary of National Iranian Oil Company (NIOC), began drilling an appraisal well in the north of the field in late November. “This well is aimed at determining the extent of the expansion of the South Pars gas field in the north side of the field and evaluating the potential of uncharted areas of this section for development,” says POGC’s head of oil and gas engineering, Ali Akbar Majed. The current South Pars development includes 37 platforms ac
Also in this section
29 April 2024
Although recent, firmer gas prices have blunted some price-sensitive demand, the overall growth outlook remains robust
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions