Energy

Iran Uncovers $45 Billion Gas Treasure in Southern Province

Iran has struck one of its largest gas deposits in two decades, with the newly discovered "Takhteh" field in Fars Province carrying an estimated value of $45 billion, according to the National Iranian Oil Company.

Exploration Director Seyyed Mohieddin Jafari revealed that the field holds 7,500 billion cubic feet of gas in place, with 5,700 billion cubic feet recoverable. Located 10 kilometers northwest of Khonj city, the field sits near the older Shanul and Homa deposits. Its sweet gas composition eliminates the need for costly sweetening processes, shortening the development timeline significantly.

"The recoverable gas equals about 15 years of output from a standard South Pars phase," Jafari said, underlining its strategic importance for meeting domestic demand.

Despite complex geology—including multiple layer repetitions and faulting—Iranian engineers drilled to depths of five kilometers and struck gas across a 450-meter-thick reservoir. The field also contains 27 million barrels of condensates, with 20 million barrels recoverable.

The exploration effort, which took 17 months of drilling alone, was carried out entirely by Iranian personnel using domestically produced technology and equipment. "There was no need for foreign personnel or companies," Jafari emphasized, describing Takhteh as a fully Iranian achievement.

The discovery comes as Iran continues to expand its energy sector despite sanctions, showcasing the country's growing self-reliance in complex exploration operations. The field's strategic location and sweet gas composition position it as a key asset for future domestic supply.