Iran Continues Gas Exploration in Fars, Bushehr Provinces
“The total amount of gas that the Pazen field (in Southern Iran) can produce will be equivalent to 56 million cubic meters per day,” Jafari said.
"Recently, a contract was signed to develop this field, and it is one of the promising fields that can be developed in a short time," he added.
Jafari stated that the oil in this field is light oil with API 32, and said, “The gas condensate of this field will be 237 million barrels in place and 74 million barrels can be extracted. This field alone can supply the gas needed by Tehran for 25 years.”
Noting that 40 months have been predicted for the completion of the development and exploitation of this field, Jafari said, “The first development unit of this field will lead to the first gas extraction from it next year.”
“We have deployed 3 drilling rigs in Bushehr and Fars provinces to discover new gas reserves and we are exploring in these areas,” he underlined.
In relevant remarks in October, Iranian Oil Minister Mohsen Paknejad had announced that a large gas and oil field named ‘Pazen’ has been discovered in the Southern province of Fars which contains an estimated 10 trillion cubic feet of gas reserves.
The exploratory operations in the Pazen field, located about 21 kilometers from the city of Jam in Bushehr Province, have led to the discovery of significant gas and oil deposits. The new reserves add roughly 10 trillion cubic feet (TCF) to Iran’s proven gas resources, Paknejad said.
He added that after nearly eight years of inactivity in the Pazen field, drilling of the second exploratory well was resumed and recently completed.
“Testing results from this well confirmed the presence of substantial gas and oil reserves, marking a major achievement for our exploration teams,” the minister noted.
He underlined that recoverable reserves of about 7 TCF—based on a 70% recovery factor—are equivalent to the daily production of one South Pars phase over 7,000 days, or approximately 17 to 18 years of output from a single phase.
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