The development project for producing oil from the oil layers of the South Pars gas field which is a joint reservoir with the State of Qatar will be carried out in two stages.
In the first stage of the project, 35,000 bl/d of crude oil will be produced. After implementation of the first stage of the project and reviewing the reservoir behavior, the second stage of the project will be implemented to produce 54000 bl/d of oil, if deemed feasible economically. The project for the development of oil layers in South Pars gas field was awarded to PetroIran in mid March 2005.
At present, the executive stages of this project and the operation for construction of offshore facilities has been started.