South Pars Pressure Set to Boost 

Pars Oil and Gas Company, as an employer, is close to finalizing an agreement with Nargan Company, as a contractor, to conduct feasibility studies on boosting pressure in the South Pars Gas Field off the Persian Gulf, the managing director of POGC said.
"The contract obliges Nargan Company to provide POGC with the basis of design [BOD] calculations and complete the front end engineering design [FEED], a stage before engineering, procurement and construction operations begin," ILNA also quoted Mohammad Hossein Motejalli as saying.
After gas production peaked in the field, pressure gradually started to decline and production is expected to be as low as 400 million cubic meters in 2032, down 50% compared to the present level, he added.
The official noted that daily output from the giant field is now 750 million cubic meters and will reach 1 billion cubic meters per day by 2024, following which a downtrend will start.