Iran's South Pars Gas Field Attracts 80 Billion Dollars of Investment
“The most important asset of the company is the massive accumulation of project management knowledge in it, and we hope to use it to overcome the challenges facing projects and adequately meet the country’s gas needs,” said Hamidreza Masoudi, the acting deputy for development projects at the company.
The South Pars gas field (known as the North Dome on the Qatari side) is one of the largest gas fields in the world. It is located 100 kilometers off the southern coast of Iran in the Persian Gulf and is shared between Iran and Qatar. The field covers an area of 9,700 square kilometers.
Estimates indicate that the shared South Pars gas field contains 14.2 trillion cubic meters of gas in place (equivalent to 8% of the world’s total gas reserves and 47% of Iran’s known gas reserves) and 19 billion barrels of condensates. The field also holds 7.5 billion barrels of crude oil in its oil layers and is endowed with the world’s largest helium source, giving it a unique position in the country’s economy.
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