According to Pars Oil and Gas Company, Touraj Dehqani detailed the company’s production activities during a Wednesday meeting with senior executives of South Pars oil, gas, and petrochemical companies and Zbihollah Khodaeian, head of the State Inspectorate Organization. He stated that by the end of this year, with the completion of new wells, the gas extraction capacity built in South Pars will exceed 30 million cubic meters per day.

Dehqani emphasized that Pars Oil and Gas Company is the nation’s largest development and production company with the greatest volume of investment in gas projects. He noted the efforts of its employees, particularly on the South Pars gas platforms, generate approximately $100 billion in annual revenue for the country. This value creation is unparalleled and, beyond financial gains and energy supply, has provided valuable experience to strengthen domestic manufacturing capabilities.

Increase in South Pars Drilling Rigs

The CEO said the company’s focus over the past 15 months has been on bringing semi-finished wells into production. Despite financial constraints, this period saw the addition of a sustainable daily extraction capacity of about 25 million cubic meters. In comparison, the total increase over the prior three years was 11 million cubic meters, according to available statistics.

Dehqani also highlighted the upgrading of the drilling fleet in the South Pars field, noting the number of active drilling rigs has significantly increased from four to ten.

He stated the company’s responsibilities are not limited to South Pars projects, with other gas fields also slated for development. Among ongoing projects, construction of gas facilities for the Belal project is underway, with its jacket installed and drilling commenced.

Farzad B Drilling to Begin Early Next Year

The CEO recalled the installation of the 11 Alpha platform jacket last month. The gas block of Phase 11 is located at the border point of the shared South Pars field, and due to the necessity of increasing extraction there, bringing the 11 Alpha site into operation is being seriously pursued. Operations to install the drilling rig for wells at this site will be completed soon.

Dehqani also referred to the development plan for "Farzad B," a gas field shared with Saudi Arabia that had been delayed in previous years. He said its offshore jacket will be installed this year and drilling will begin early next year.

Stressing the need to counter pressure drop in South Pars, he said solutions include drilling infill wells and a pressure boosting project. The first phase of the infill well drilling project is underway, with its sixth well now operational. According to plan, two more wells will be completed within the next two months.

Pressure Boosting Project Requires Significant Funding

The CEO stated the pressure boosting project requires significant capital. The final engineering stages are currently being pursued, and after obtaining necessary permits, the project will move to procurement and execution phases.

Dehqani provided an update on Phase 14, noting that during the Israeli regime’s attack, one gas sweetening unit at the refinery was taken offline. Two other units were damaged but were returned to operation within 10 days after the end of the 12-day war through round-the-clock efforts by operational staff and continuous management supervision.