{"id":1811,"date":"2017-11-19T20:16:54","date_gmt":"2017-11-19T21:16:54","guid":{"rendered":"http:\/\/madaresharghi.com\/irans-south-pars-crude-production-exceeds-4-5-million-barrels\/"},"modified":"2017-11-19T20:16:54","modified_gmt":"2017-11-19T21:16:54","slug":"irans-south-pars-crude-production-exceeds-4-5-million-barrels","status":"publish","type":"post","link":"https:\/\/madaresharghi.ir\/en\/irans-south-pars-crude-production-exceeds-4-5-million-barrels\/","title":{"rendered":"Iran&#039;s South Pars Crude Production Exceeds 4.5 Million Barrels"},"content":{"rendered":"<p><a href=\"http:\/\/madaresharghi..com\">madaresharghi<\/a><br \/>\n<\/p>\n<p> \tIran has produced over 4.5 million barrels of crude from the oil layer of South Pars, the world&#8217;s largest gas field in the Persian Gulf, since production began nearly eight months ago, the director of the oil layer said.<br \/> \t\u201cEight oil cargoes, or a total of 4.2 million barrels, have so far been sent to target destinations, the last of which was shipped a week ago,\u201d Fardin As\u2019adi was also quoted as saying by ISNA on Sunday.<br \/> \tUnderscoring that the oil layer\u2019s daily production stands at an average rate of 25,000 barrels, As\u2019adi added that a 550,000-barrel crude oil cargo is shipped every 20-25 days from South Pars.<br \/> \tIran began to extract crude oil from South Pars in March using FPSO Cyrus, a floating production, storage and offloading vessel. The FPSO was reportedly built in Singapore and cost $300 million.<br \/> \tHe stressed that the new production ceiling for the oil layer will be announced by mid-January based on the condition of oil wells and the reservoir models.<br \/> \tAccording to As\u2019adi, the drilling of wells in the field, with the goal of injecting 30,000 barrels of water for stabilizing reservoir pressure and preventing the reduction in wells\u2019 oil production, is on the agenda.<br \/> \tNIOC plans to employ enhanced oil recovery methods, including water injection, to boost the extraction rate in fields by 35%. South Pars oil layer is located 130 kilometers off Iran&#8217;s coast in the Persian Gulf with an estimated 7 billion barrels of oil in place, but it is hard to put an accurate estimate on the volume unless more exploratory wells are drilled.<br \/> \tIran is pushing for higher crude output from the joint field with Qatar.<br \/> \tThe small Arab neighbor, which started extracting oil from the field in 1991, has already drilled more than 300 wells with the help of international oil giants. It has reportedly extracted more than 1 billion barrels of crude from the joint field in the past 25 years.<\/p>\n<p> \t\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>madaresharghi Iran has produced over 4.5 million barrels of crude from the oil layer of South Pars, the world&#8217;s largest gas field in the Persian Gulf, since production began nearly eight months ago, the director of the oil layer said. \u201cEight oil cargoes, or a total of 4.2 million barrels, have so far been sent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2,8],"tags":[296,118,28,31,159,639,178,56,213,84,95,82,68,22,23,27],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iran&#039;s South Pars Crude Production Exceeds 4.5 Million Barrels - madaresharghi | An Analytical Look at Middle Eastern Developments<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/madaresharghi.ir\/en\/irans-south-pars-crude-production-exceeds-4-5-million-barrels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran&#039;s South Pars Crude Production Exceeds 4.5 Million Barrels - madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"og:description\" content=\"madaresharghi Iran has produced over 4.5 million barrels of crude from the oil layer of South Pars, the world&#8217;s largest gas field in the Persian Gulf, since production began nearly eight months ago, the director of the oil layer said. \u201cEight oil cargoes, or a total of 4.2 million barrels, have so far been sent [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/madaresharghi.ir\/en\/irans-south-pars-crude-production-exceeds-4-5-million-barrels\/\" \/>\n<meta property=\"og:site_name\" content=\"madaresharghi | An Analytical Look at Middle Eastern Developments\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-19T21:16:54+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\">\n\t<meta name=\"twitter:data1\" content=\"2 minutes\">\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/#website\",\"url\":\"https:\/\/madaresharghi.ir\/en\/\",\"name\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"description\":\"madaresharghi | An Analytical Look at Middle Eastern Developments\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/madaresharghi.ir\/en\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/madaresharghi.ir\/en\/irans-south-pars-crude-production-exceeds-4-5-million-barrels\/#webpage\",\"url\":\"https:\/\/madaresharghi.ir\/en\/irans-south-pars-crude-production-exceeds-4-5-million-barrels\/\",\"name\":\"Iran&#039;s South Pars Crude Production Exceeds 4.5 Million Barrels - 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