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EghtesadOnline: Iran’s Pars Oil and Gas Company (POGC) has signed a deal with a French company for cooperation in South Pars Gas field, Mohammad Meshkinfam, director of Engineering and Construction at POGC, said.

Under the deal the French company will carry out gas pressure drop studies in the field, Meshkinfam said.

He did not unveil the company name and the contract value, forecasting that preliminary studies are expected to be carried out within six months, reports ILNA.

A second consultation agreement will be signed with an international company as well, in the near future, Meshkinfam added.

He further said that installing gas compressor stations is the main approach to prevent pressure loss in the field at the moment.

Once the new phases of the joint gas field comes into force, projects for marinating the gas pressure in the field will be implemented, he said, adding that new tenders will be held in the next two years regarding installation of gas compressor equipment.

South Pars is divided into 24 development phases and contains 40 trillion cubic meters of natural gas.

It covers an area of 9,700 square kilometers, 3,700 square kilometers of which are in Iran's territorial waters in the Persian Gulf. The remaining 6,000 square kilometers are situated in Qatar's territorial waters.

Currently Iran’s gas production in the field stands at 430 million cubic meters per day.

POGC South Pars Gas field Mohammad Meshkinfam