Energy
0

SZOGPC's Total Gas Output Hit 1.3t Cubic Meters

SZOGPC's Total Gas Output Hit 1.3t Cubic MetersSZOGPC's Total Gas Output Hit 1.3t Cubic Meters

The South Zagros Oil and Gas Production Company, a subsidiary of Iranian Central Oil Fields Company, has produced a total of 1.37 trillion cubic meters of natural gas since 1999, according to data released by ICOFC.
Estimates show the company's reserves hold a total of 3.7 trillion cubic meters of in-place gas, some 2.7 trillion cubic meters of which are deemed recoverable, Shana reported.
According to Ramin Hatami, ICOFC's managing director, the company's output during winter reached 193 million cubic meters per day on average. 
SZOGPC also holds 425 million barrels of crude oil reserves, of which 12 million have so far been extracted. The official noted that the company's crude output is expected to stand at 6,100 barrels per day in the next fiscal year that starts on March 21.
 

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com