How much extractable gas does the new Fars province field hold?

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The new Fars province field holds over 160 billion cubic metres of extractable natural gas.

New gas reserves discovered in the south of Fars province contain more than 200 billion cubic metres of natural gas. Of this total, over 160 billion cubic metres are considered extractable from the field. This newly identified gas is characterised as sweet natural gas, which typically entails reduced operating and development expenditures.
Significant Gas Volume Identified

The discovery in Fars province represents a substantial addition to Iran's natural gas reserves. The total volume of gas reserves found at this location exceeds 200 billion cubic metres. This finding was announced by Petroleum Minister Mohsen Paknejad, who specified the potential extraction amount.
Extractable Gas Potential

A key detail of the discovery is the estimated volume of extractable gas, which stands at over 160 billion cubic metres. This figure indicates the portion of the total reserves that can realistically be brought to production. The classification of the gas as "sweet" is significant due to its implications for extraction costs.
Characteristics of Sweet Natural Gas

Sweet natural gas contains minimal amounts of hydrogen sulphide, a toxic and corrosive gas. This characteristic simplifies the processing and handling of the gas, consequently lowering both the operational expenses and the capital investment required for its development. Such a composition makes the field more economically viable for exploitation.
Future Production Timeline

While the discovery is significant, the actual production from this new field is projected to be some years away. This timeline is influenced by various factors, including the necessary infrastructure development and assessment of the current geopolitical situation impacting Iran's energy sector. Recent events, including strikes on energy infrastructure, have affected the country's production capabilities, suggesting a cautious approach to new extraction timelines.

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How much extractable gas does the new Fars province field hold?

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