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Tuesday 01 January 2019
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South Pars Output Satisfactory in Q1

South Pars Output Satisfactory in Q1

TEHRAN (Shana) -- Pars Oil and Gas Company (POGC) announced that the planned output of South Pars gas field in the first quarter of the current calendar year, which began on March 21, was fully realized.

 

According to the company, Alireza Ebadi, the director of production control and operations at POGC, said the instructed production of gas from the joint offshore oil field in the first quarter of the year was realized.

He said on average, 585 mcm/d of rich gas was being produced from the field by Iran which shares the field with Qatar in Persian Gulf waters.

The official also predicted that gas production from the field would reach 600 mcm/d this calendar year given that a number of South Pars phase development projects would come on-stream by March 2019.

Pasargad Energy Development Co. (PEDC) is an independent energy company based in Iran. PEDC is an integrated energy company whose activities span the entire value chain including exploration, production, refining, petrochemicals marketing, power generation & renewables as well as new high-tech venture capitalizing. Our headquarter is located in Tehran. PEDC is present across the Iranian continental shelf and international market through its subsidiaries. We create value for our shareholders through active investment, high-level monitoring of our projects, building world-class partnership and managing our risks effectively and making balanced portfolio. Meantime, we contribute to the sustainable development of the energy sector and communities in our country. PEDC’s competitiveness relies upon our values-based performance culture, with a strong commitment to transparency, cooperation and continuous operational improvement. As a wholly owned subsidiary of the Pasargad Financial Group, with Pasargad Bank being a distinctive shareholder, we owe our success to our experience, management knowledge and strong local/international partnerships since 2008. PEDC is committed to maintaining sustainability and being recognized as the strategic partner of choice in Iran’s energy and petrochemical sector.​

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  • South Pars Output Satisfactory in Q1
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