South Pars needs action to address pressure, production issues

Pars Oil and Gas Co.’s managing director Mohammad Meshkinfam claims a further $20 billion needs to be invested in the South Pars gas field in the Persian Gulf.

Offshore staff

TEHRAN, IranPars Oil and Gas Co.’s managing director Mohammad Meshkinfam claims a further $20 billion needs to be invested in the South Pars gas field in the Persian Gulf.

He told Iranian news service the investment is needed to check pressure fall in parts of the reservoir and to maintain production levels.

Once all current development phases ofSouth Pars have been completed, a second phase of activities will start on the field.

10/03/2016

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