Tehran:Iran will soon initiate restoration work on Platform 14D at the South Pars gas field, which it shares with Qatar, following a fire that occurred on November 10.

According to Trend News Agency, Iran's Minister of Petroleum, Hamid Bovard, announced this development on November 13 during an inspection of the affected platform. He stated that the gas output loss due to the fire has been compensated by utilizing the capacity of other platforms within the field.

The fire incident caused some damage to the equipment on Platform 14D, but it was quickly extinguished, and preparations for the necessary repair work have commenced. The platform had been supplying 14 million cubic meters of rich gas daily before the fire led to a suspension of production.

The South Pars gas field, referred to as the North Dome in Qatar, is one of the largest gas reserves shared between Iran and Qatar, with an estimated 51 trillion cubic meters of natural gas reserves. Of these, 36 trillion cubic meters are deemed recoverable, with Iran's share at approximately 14 trillion cubic meters of gas and 18 billion barrels of gas condensate.

Iran's South Pars field consists of 24 development phases, initiated in 2002, currently producing around 700 million cubic meters of gas daily. Iran has invested an estimated $90 billion in the field, accounting for approximately 33% of the recoverable gas. The Iranian side of the field has been developed domestically, while international companies have primarily developed the Qatari side.