The CEO of Pars Oil and Gas Company announced the completion of the first phase of development of Phase 11 of the South Pars gas field, stating that with the completion of drilling and the launch of the twelfth well at the SPD11B site, the gas production capacity from this border section of the shared South Pars field has reached one billion cubic feet, equivalent to about 28 million cubic meters per day.
Phase 11 of South Pars Gas Field Production Reaches One Billion Cubic Feet per Day
The first phase of development for Phase 11 of the South Pars gas field has been completed, increasing gas production capacity to one billion cubic feet per day. This development is significant for Iran's energy sector and economic growth.
👥 Key Players
📰 What Happened
The first phase of development for Phase 11 of the South Pars gas field has been completed, increasing gas production capacity to one billion cubic feet per day. This marks a significant milestone in Iran's energy sector.
- Gas production capacity from the South Pars field has reached one billion cubic feet per day.
- The twelfth well at the SPD11B site has been successfully launched.
💡 Why It Matters
📚 Background
The South Pars gas field is a critical asset for Iran, providing a substantial portion of its natural gas supply. Development efforts have been ongoing despite international sanctions.
🏷️ Entities Mentioned
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Translation confidence: 85%