{"id":13020,"date":"2025-01-15T07:45:49","date_gmt":"2025-01-15T07:45:49","guid":{"rendered":"https:\/\/roydadnaft.ir\/English\/?p=13020"},"modified":"2025-01-15T07:45:49","modified_gmt":"2025-01-15T07:45:49","slug":"ceo-of-pogc-says-south-pars-is-irans-largest-integrated-asset","status":"publish","type":"post","link":"https:\/\/roydadnaft.ir\/English\/13020\/","title":{"rendered":"CEO of POGC says South Pars is Iran\u2019s largest integrated asset"},"content":{"rendered":"

RoydadNaft – <\/a><\/span>\u00a0The CEO of Pars Oil and Gas Company (POGC) stated that the South Pars gas field is the largest integrated asset of the Iranian people, playing a critical role in meeting the energy needs of industries, power plants, and households while contributing significantly to the country\u2019s gross domestic product (GDP).<\/p>\n

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Speaking at a meeting on Monday to review the performance and productivity of gas wells in the South Pars joint field, Touraj Dehqani emphasized the company\u2019s heavy responsibility in operating the field and creating new gas production capacities.<\/p>\n

He highlighted the necessity of expanding cooperation with the private sector, particularly in activating more drilling rigs in the South Pars field.<\/p>\n

Dehqani noted that POGC supplies approximately 70% of the country\u2019s natural gas consumption, underscoring the field\u2019s importance as Iran\u2019s largest integrated asset.<\/p>\n

\u201cGas production from this joint field plays a vital role in meeting the energy demands of industries, power plants, households, and more, and it holds the greatest weight in the country\u2019s GDP,\u201d he said.<\/p>\n

The CEO added that the South Pars reservoir has entered the second half of its lifespan, requiring more careful management and optimal utilization.<\/p>\n

\u201cPOGC, as the custodian of this valuable reservoir, plays a crucial role in regulating how it is managed,\u201d he said.<\/p>\n

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Increased investment needed to sustain SP production<\/strong><\/p>\n

Sepahdar Abbaszadeh, acting head of POGC\u2019s operations and support division, praised the round-the-clock efforts of the company\u2019s staff in various departments.<\/p>\n

\u201cDespite existing challenges, we have managed to overcome this year\u2019s unprecedented cold weather through teamwork and collaboration,\u201d he said.<\/p>\n

Abbaszadeh noted that more than two decades have passed since the South Pars facilities were established, necessitating increased investment in maintenance to sustain production.<\/p>\n

\u201cTo ensure safe and stable gas production from this joint field, it is essential to provide better infrastructure,\u201d he added.<\/p>\n

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Daily extraction of 700,000 barrels of gas condensate from South Pars<\/strong><\/p>\n

Shahab Gerami, acting head of POGC\u2019s oil and gas engineering management, reported that over 700 million cubic meters of rich gas are extracted daily from the South Pars field, with a heating value equivalent to more than 4 million barrels of oil per day.<\/p>\n

\u201cAdditionally, the daily extraction of 650,000 to 700,000 barrels of gas condensate highlights the field\u2019s critical role in the country\u2019s energy portfolio,\u201d he said.<\/p>\n

Gerami explained that the performance and production forecast model for the South Pars gas field was the result of collaboration across POGC\u2019s divisions, including the development projects and operations and support divisions, as well as the planning and project control department.<\/p>\n

\u201cThe model, updated with data through Shahrivar of the current Iranian year (September 2024), was presented in two parts by the operations and support division and the oil and gas engineering management. It also incorporates Qatar\u2019s development plans using simulation techniques to assess their potential impact on South Pars wells,\u201d he said.<\/p>\n

During the first part of the meeting, a report on the performance and productivity of South Pars gas wells was presented, covering three key areas: \u201cStatistics and performance of South Pars wells,\u201d \u201cReview of the field\u2019s six-month production performance,\u201d and \u201cPerformance of wellhead separator tests and preventive maintenance.\u201d<\/p>\n

The report addressed questions raised by representatives of the National Iranian Oil Company\u2019s integrated planning and production supervision department.<\/p>\n

Additionally, POGC\u2019s oil and gas engineering management presented a report on the field\u2019s current production status, average pressure, and daily production from platforms as of late November, the layout of in-field wells, drilling schedules for in-field wells, rig allocation plans for the coming year, and an overview of production forecasts.<\/p>\n<\/div>\n<\/div>\n

Updated on