South Pars Oil Layer is a producing heavy oil field located in shallow water in Iran and is operated by Iranian Offshore Oil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field has water depth of 231 feet. Buy the profile here.
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Field participation details
The field is owned by National Iranian Oil.
Production from South Pars Oil Layer
The South Pars Oil Layer heavy oil field recovered 26.95% of its total recoverable reserves, with peak production expected in 2026. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056.
About Iranian Offshore Oil
Iranian Offshore Oil Co (IOOC), a subsidiary of National Iranian Oil Co, is an oil and gas exploration and production company. The company carries the activities of exploration, production and development of oil and gas fields. Its services include renovating and reconstructing the installations, improving the production methods and conservation of oil and gas reserves. IOOC also performs storage engineering, descriptive drilling and general engineering and construction activities. The company has operations across Bahregan, Kharg, Siri, Lavan, Qeshm, and Kish in Iran. IOOC is headquartered in Tehran, Iran.
For more details on the South Pars Oil Layer Heavy Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
