DEVELOPMENT OF IRAN'S SOUTH PARS FIELD SLATED TO GET UNDER WAY IMMEDIATELY

Development of South Pars gas field in the Persian Gulf off Iran will begin immediately under an agreement between National Iranian Oil Co. and Italy's Saipem and Technologic Progetti Lavori SpA. Saipem parent ENI estimated value of the agreement at $1.7 billion. South Pars is an apparent extension of Qatar's 150 tcf North field, which went on line last year. Iranian Oil Minister Gholamreza Aghazadeh has estimated South Pars reserves at 100 tcf of gas and 2.5-3 billion bbl of gas

Sep 21st, 1992
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