Iran discovers large helium reserve

Sep 30, 2011 12:00 AM

The managing director of Iran's Pars Oil and Gas Company said Iran has discovered the world's biggest helium reserve in its South Pars gas field in southern Iran.
Mousa Souri said Iran has signed an agreement with a Russian company to complete the feasibility studies for the gas reserve. The volume of the helium reserves is 40 bn cm and the South Pars gas field holds 10 bn cm of the total amount, Souri was quoted as saying.

In August, the managing director of National Iranian Oil Company (NIOC), Ahmad Qalehbani, said that a new gas field containing around 495 bn cm of natural gas and 658 mm barrels of gas condensates, roughly valued $ 133 bn was discovered at Assalouyeh region in south Iran.
The field had the capacity to produce up to 2 bn cf of gas and 88,000 barrels of condensates per day, Qalehbani was quoted as saying.

The South Pars/North Dome field is a natural gas condensate field located in the Persian Gulf. It is the world's largest gas field, shared between Iran and Qatar.
According to the International Energy Agency, the field holds an estimated 1,800 tcf of in-situ gas and some 50 bn barrels of condensates. This gas field covers an area of 9,700 sq km, of which 3,700 sq km (South Pars) is in Iranian territorial waters and 6,000 sq km (North Dome) is in Qatari territorial waters.

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