“The excavations of oil wells in the South Pars Oil Field will bear fruit soon. Two oil drilling rigs have begun working there and one of them in the joint fields. Drillings of these fields have surpassed the depth of 1,500 meters [4,921 feet] inside the earth…”-Musa Souri, Pars Oil and Gas Company

18 July 2012, Iranian and Qatary oil companies have announced they will join forces to take advantage of the massive South Pars field.

Iran has stated that they will be extracting 35,000 barrels per day (bpd) of oil, but, the Persian Gulf country of Qatar just announced their goal will be 450,000 bpd!