The Minister of Oil of Iran, Mohsen Paknejad, announced this Sunday the discovery of a new deposit with an estimated capacity of 21 billion cubic meters of gas in the gigantic gas field of South Pars, located in the province of Fars.
According to Paknejad, around 73% of that total volume would be technically recoverable, which would equate to about 15 years of production from one of the phases of the South Pars/North Dome complex, considered the largest gas deposit on the planet and jointly exploited by Iran and Qatar in the Persian Gulf.
The announcement comes just days after the Secretary General of the Iranian Oil Industry Federation, Erfan Afazali, warned that the attacks by the United States and Israel against the facilities of South Pars had reduced the gas production capacity of the field by approximately one third, with the consequent risk of supply shortages during the upcoming winter season.
The Iranian official also added that in this new deposit an additional pocket of condensate gas has been identified, whose total value could reach "billions of dollars," although he did not provide further details in the statement released by the state radio and television IRIB.