TEHRAN – Iran Central Oil Fields Company (ICOFC) unveiled a fast-track roadmap to boost natural gas production, aiming to offset part of the decline in processing capacity and output from the South Pars gas field.
Peyman Imani, managing director of ICOFC, said newly completed wells in the Dey, Tous and Khartang gas fields will be connected to Iran’s national gas grid before the start of the upcoming winter season.
ICOFC, which accounts for roughly 25% to 30% of Iran’s gas supply, currently operates across 14 provinces and could expand its activities to 18 provinces as future development projects move forward, Imani said.
He noted that the company’s extensive footprint in gas production, processing and transportation enables it to play a key role during supply challenges. Following damage to South Pars facilities during the recent conflict, ICOFC was tasked with helping compensate for lost production and processing capacity.
According to Imani, the company is targeting more than 12 billion cubic meters of cumulative additional gas production this year compared with last year. New projects are expected to add 15.7 million cubic meters per day of raw gas output beyond previously planned levels.
ICOFC has submitted a list of fields suitable for accelerated development to the National Iranian Oil Company and is seeking approval, financing and equipment, including drilling rigs, to expand production capacity further.
As part of a two-year emergency development program, the company plans to add around 20 million cubic meters per day of gas production from undeveloped fields. While negotiations with investors are underway under various contract models, Imani said ICOFC is prepared to begin early-stage development using its own technical and engineering resources if funding and equipment become available.