Page 12 - MEOG Week 48 2021

MEOG PROJECTS & COMPANIES MEOG

POGC kicks off South

Pars drilling campaign

IRAN IRAN’S state-owned Pars Oil and Gas Co. campaign would be forthcoming. “Due to the
(POGC) said this week that it has started a new natural decrease in the pressure of the South
drilling campaign as it seeks to add reserves at Pars field gas reservoir following its production
the supergiant offshore South Pars gas field. over the last 20 years, the production rate of this
In an announcement carried by POGC’s reservoir will inevitably decline even more in the
website, the company’s head of oil and gas engi- coming years, so the company has put exploring
neering, Ali Akbar Majed, said that it has started the undeveloped parts of the field on the agenda
drilling an appraisal well in the northern area of by drilling new wells,” he said at the time.
the field. The overall South Pars development includes
“This well is aimed at determining the extent 37 platforms across the field’s 24 phases to pro-
of expansion of South Pars gas field in the north duce 700mn cubic metres per day at present out
side of the field and evaluating the potential of of Iran’s 1bn cubic metre per day total.
uncharted areas of this section for development,” Tehran is aiming to increase output from
he said. South Pars to 1 bcm per day as quickly as possi-
The drilling work is being carried out by Ira- ble but requires significant investment to main-
nian Offshore Engineering and Construction tain and add to production.
Co. (IOEC) under POGC’s supervision. An additional 50,000 barrels per day (bpd) of
POGC, which is a subsidiary of the National crude are produced from the field’s oil layer.
Iranian Oil Co. (NIOC), holds ultimate respon- Meanwhile, in late October, POGC said it
sibility for the development of South Pars, with had completed its annual maintenance across
fellow NIOC affiliate Petropars carrying out the field’s 24 phases to ensure stable production
jobs on the surface and subsurface. IOEC is also during winter months.
a subsidiary of NIOC. Iran is home to around 34 trillion cubic
Majed said that identifying and explor- metres of proven natural gas reserves, with the
ing undeveloped parts of the field are among supergiant South Pars accounting for around 14
POGC’s top priorities under its programme to tcm as well as 18bn barrels of gas condensates.
maintain production levels at South Pars, and it The Islamic Republic holds a 3,700-square km
intends to drill another three appraisal wells in portion of the 9,700-square km deposit that is
the northern part of the field. shared with Qatar, where it is known as the North
The announcement follows comments by Dome field. Around 80% of the field’s initial gas
Majed in August suggesting that a drilling reserves are believed to remain in place.™

P12 www. NEWSBASE .com Week 48 01•December•2021