According to the POGC, CEO Touraj Dehqani said Monday, during a meeting on production forecasts and well performance at South Pars, that the firm is the largest operator and developer in Iran’s oil industry. He said his company  owns the country’s largest integrated underground asset and infrastructure, a position that provides a unique opportunity to optimize resource management.

Dehqani noted that South Pars, the world’s largest gas field, is now in the second half of its lifespan. Its natural pressure decline, he said, has created a significant challenge for Iran, and overcoming it while compensating for reduced output will require strategic decision-making, interagency coordination and broad action.

He added that simultaneously managing 39 operating platforms, producing 70% of Iran’s gas and overseeing more than 1,000 offshore staff at the joint field involves extensive ongoing operations. According to international standards, maintaining the company’s physical assets at South Pars requires about $1.5 billion annually, and neglect could lead to depreciation and significant long-term consequences, he said.

Dehqani praised operational staff for sustaining gas output through different periods and stressed that all current measures and decisions are aimed at ensuring full readiness to meet demand during the winter.