North Pars

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North Pars Gas Field
Country:	Iran
Offshore/Onshore:	Offshore
Operators:	NIOC
Field History
Expected Abandonment:	NA
Production
Current Production Gas (Mcfd):	NA

North Pars Gas Field is one of the biggest independent gas fields of the world. This field which was discovered in 1967 is located some 120 kilometers south east of Bushehr province in water depths of 2 to 30 meters in the Persian Gulf.

In 1963, exploration activities started in this field with carrying out seismic tests and the first exploration well was completed in 1967.The total volume of the gas in place of this field is about 58.9 Tcf and the recoverable volume of sour gas is approximately 47.2 Tcf.

The first design to operate this field was approved in 1977 and after drilling 17 wells and installation of 26 maritime platforms and due to commencement of Islamic revolution and the imposed war the project quitted.

At present, final studies for development of this field - 4 phases- equivalent to 3600 MMscf/d is under implementation. The whole recovered gas from this field will be used for producing 20 Mtpa of LNG

Final negotiations for development of North Pars gas field is going on with a Chinese company.^[1]

China and Iran have signed a memorandum of understanding worth more than $16 billion to develop a giant natural gas field. In late December, China National Offshore Oil Corp (CNOOC) and the National Iranian Oil Company signed the agreement over the development of the North Pars gas field on Wednesday. The deal calls for CNOOC to invest $16 billion to develop Iran's Pars natural gas field in exchange for 50 percent of the field's liquefied natural gas (LNG) production.