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Iran Announces Major New Discovery of 200-Billion-Cubic-Meter Gas Field!
Iranian Oil Minister Mohsen Paknejad announced on the 23rd that a new gas field has been discovered in Fars Province in southern Iran, with natural gas reserves exceeding 7.5 trillion cubic feet (about 212.4 billion cubic metres) and recoverable reserves of approximately 5.7 trillion cubic feet (about 161.4 billion cubic metres).
The new field, named "Takht", produces "sweet gas" with low sulphide content, which is expected to reduce development and operating costs. The recoverable reserves of this field are equivalent to about 15 years of production from one development phase of the South Pars gas field, the world's largest gas field.
▲ Iranian Oil Minister Paknejad
Paknejad said the gas field also contains substantial condensate reserves. He stated that these resources are expected to generate tens of billions of dollars in new revenue for Iran, and that more details of the discovery will be announced at an appropriate time.
Paknejad stated that Iran plans to develop these resources "as soon as possible." Hit by war and sanctions, the country's energy sector has been struggling. Attacks that began in late February have led to the loss of about a quarter of Iran's daily natural gas production capacity, with strikes targeting energy infrastructure, including the South Pars gas field. While some capacity has been restored, the government has warned of possible shortages this winter and called on the public to curb consumption.
The South Pars gas field, located in the Persian Gulf and shared by Iran and Qatar, is the world's largest gas field. The northern part, covering about 3,700 square kilometres, lies within Iranian waters and is known as the South Pars gas field.
Phase 11 of the South Pars field is its final development stage. This project has cumulatively produced 16.6 billion cubic metres of rich gas, with 11 wells currently in operation and a daily output exceeding 26 million cubic metres. Its ultimate design capacity is 2 billion cubic feet of natural gas per day.
Although field operations were partially disrupted by conflict, production is now recovering. As the core project, Phase 11 has seen its daily output rise from about 12 million cubic metres in August 2024 to more than 24 million cubic metres in January 2026, and is expected to reach the design capacity of over 28 million cubic metres per day within two months.
The extraction of oil and natural gas cannot be achieved without separation equipment.
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