South Pars/North Dome Oil & Gas Field | oil field

 oil field, gas field

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Iran and Qatar share ownership of the field.
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The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world's largest natural gas field.Iran and Qatar share ownership of the field.[2][3] According to the International Energy Agency (IEA), the field holds an estimated 1,800 trillion cubic feet (51 trillion cubic metres) of in-situ natural gas and some 50 billion barrels (7.9 billion cubic metres) of natural gas condensates. On the list of natural gas fields it has more recoverable reserves than all other fields combined. It has significant geostrategic influence.

This gas field covers an area of 9,700 square kilometres (3,700 sq mi), of which 3,700 square kilometres (1,400 sq mi) (South Pars) is in Iranian territorial waters and 6,000 square kilometres (2,300 sq mi) (North Dome) is in Qatari territorial waters.
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According to International Energy Agency (IEA), the combined structure is the world's largest gas field.

In-place volumes are estimated to be around 1,800 trillion cubic feet (51 trillion cubic metres) gas in place and some 50 billion barrels (7.9 billion cubic metres) of natural gas condensate in place.[12] With in place volumes equivalent to 360 billion barrels (57 billion cubic metres) of oil. (310 billion boe of gas and 50 billion boe of natural gas condensate) the field is the world's biggest conventional hydrocarbon accumulation.

The field recoverable gas reserve is equivalent to some 215 billion barrels (34.2 billion cubic metres) of oil and it also holds about 16 billion barrels (2.5 billion cubic metres) of recoverable condensate corresponding of about 230 billion barrels (37 billion cubic metres) of oil equivalent recoverable hydrocarbons.

The gas recovery factor of the field is about 70%, corresponding of about 1,260 trillion cubic feet (36×1012 m3) of total recoverable gas reserves which stands for about 19% of world recoverable gas reserves.

The estimates for the Iranian section are 500 trillion cubic feet (14×1012 m3) of natural gas in place and around 360 trillion cubic feet (10×1012 m3) of recoverable gas which stands for 36% of Iran's total proven gas reserves and 5.6% of the worlds proven gas reserves.

The estimates for the Qatari section are 900 trillion cubic feet (25×1012 m3) of recoverable gas which stands for almost 99% of Qatar's total proven gas reserves and 14% of the worlds proven gas reserves.