Gas Use at Issue in Iran as Oil Production Sags

The export opponents note that current production is 25 bcfd, including three phases of giant South Pars gas field. When South Pars is fully producing, they say, there is barely enough gas to supply domestic needs.

Iran is losing 350,000 b/d/year of oil production capacity, Fesharaki said, and the decline rate could increase to 500,000 b/d/year by the end of the decade. Onshore decline rates have risen to 8%/year from 7%/year and offshore decline rates to 13%/year.

“These numbers are alarming, particularly as they come at the same time as runaway demand,” Fesharaki said. “It is now possible to see a future with little or no oil export revenues within 2 decades.
Oil & Gas Journal