SZOGPC Revenues hit $9bn Last Year

The South Zagros Oil and Gas Production Company (SZOGPC) produced 9 billion dollars worth of crude oil and natural gas in the previous Iranian calendar year which ended on March 20, the company’s CEO said.

Gholamhossein Montazeri said the company produced 62 mcm of natural gas, 20 million barrels of gas condensate and 2.2 million barrel of crude oil during the year which fetched the company some 9 million dollars in revenue.

He predicted that the company’s this year output will be tantamount to that of the previous year.

“We are planning to pump 163 million cubic meters/day of gas in the first 8 months of the year,” he said, adding production will rise to 200 mcm/d in the last four months of the year.

South Zagros Oil and Gas Production Company is one of three subsidiaries of Iranian Central Oil Fields Company (ICOFC). It produces 235 mcm/d of gas, which is nearly 40 percent of the country’s total output.

The company operates eleven oil and gas fields located in five regions: Nar and Kangan, Aghar and Dalan, Parsian, South Sorkhoun and Gashou, Sarvestan and Saadatabad. The eleven fields include Aghar, Dalan, Nar, Kangan, Tabnak, Sorkhoun, Homa, Varavi, Shanoul, Sarvestan and Saadatadab fields in Fars, Bushehr and Hormuzgan provinces.

Meanwhile, development of Khesht oil field located near the city of Kazeroun in Fars province started in 2007 and the field is expected to start production soon. Development of Dey and Sepid Zakhour gas fields in Fars province is also under way. South Zagros Company is based in Shiraz.

(Source: Shana)

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