North Pars gas field is located 120 kilometers southeast of Bushehr province in the Persian Gulf waters. The field is 3,500 meters deep under water and is 10 to 15 kilometers far from coast.
Development of North Pars gas field is estimated to need more than $16 billion in investment. Of this, $5 billion will go to upstream and $11 billion will go to downstream (LNG plants) sectors.
In the years preceding the 1979 Islamic Revolution, Exxon and Lands were in charge of building structures for the development of North Pars. These activities continued until the development of North Pars came to a halt after the 1979 Islamic Revolution.
South Pars gas field is in its final phases of development. Then comes North Pars.