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New record set in Iran’s natural gas production
Currently, raw gas production exceeds 1.1 billion cubic meters per day, while the volume of gas delivered to the National Iranian Gas Company has set a record of 1.021 billion cubic meters daily.
Gas production in South Pars, the heart of the country’s gas output, has reached a record high of 716 mcm per day, an unprecedented achievement.
This volume is extracted from 37 offshore platforms, over 300 wells, and 13 refineries across 24 phases, supplying more than 70% of the country’s gas consumption.
According to the report, South Pars contributes to over 40% of gasoline production capacity and nearly 50% of feedstock for petrochemical industries and power plants.
To address the gas shortage crisis caused by rising domestic consumption and declining pressure in South Pars wells, the Oil Ministry has implemented a comprehensive plan.
The report also added that in the coming days, $17 billion in contracts for pressure boosting in South Pars will be signed with four domestic contractors, leveraging 70% local capacity.
These contracts aim to mitigate pressure decline and production drops in the major gas field, significantly reducing the gas and gasoline imbalance.
The first phase of the pressure-boosting project is expected to become operational by the Iranian calendar year 1407 (2028-29).
The Iranian Central Oil Fields Company (ICOFC), a key player in onshore gas production, has achieved a record output of 248 mcm of gas, added the report.
Currently, about 25% of the country’s gas is produced within the company’s operational area, with some stored in the Sarajeh (Qom) and Shourijeh (Khangiran) reservoirs for use in the second half of the year.
In the Khangiran region, the only gas field in the northeast, approximately 8% of the country’s daily gas production meets the needs of six provinces: Khorasan Razavi, North Khorasan, South Khorasan, Golestan, Mazandaran, and parts of Semnan.
The ICOFC, responsible for about 80% of the country’s oil production, has also made significant efforts in gas production, currently supplying a portion of the nation’s gas needs.