Page 57 - IRANRptMar21

Iran anticipates Khesht kick-off in the next year
Iran finalises deals with local firms
(ORICA), as saying that the country’s oil refining capacity is currently 2mn bpd.
The Iranian Central Oil Fields Co. (ICOFC) announced last week that the first phase of production at the Khesht oilfield on the border of Iran’s Fars and Bushehr provinces will be launched by the end of September. ICOFC is a subsidiary of the National Iranian Oil Co. (NIOC).
Speaking to official oil and gas media outlet Shana, Ramin Hatami, the company’s managing director, said that production would reach 20,000 barrels per day (bpd) during the first half of the upcoming Iranian calendar year, which begins in March.
Hatami said: “The early phase of the field will be operational in the first half of next year with the launch of three wells, and the produced oil will be sent to Nargesi Centre via a 10-inch [254-mm] pipeline.” He added that a total of five wells would be required to complete the field’s development.
Khesht is being developed by ICOFC subsidiary South Zagros Oil and Gas Production Co., a company based in Shiraz.
Meanwhile, the ICOFC website lists achieving 30,000 bpd of output at Khesht and development of “transmission to Gonaveh manifold for export” as one of the company’s active projects.
Qeshm Oil and Energy Industries Development Co. (OEID) previously carried out extensive contracting work at Khesht, including shooting 2D and 3D seismic, studies for improved and enhanced oil recovery (IOR/EOR), well work-overs and the construction of pipelines connecting the field to the Nargesi central processing facility (CPF) and the Shiraz refinery. This also included work to enable the expansion of production at the Sarvestan and Saadatabad oilfields to 30,000 bpd.
During a recent visit to Khesht, the head of the Iranian Parliament’s Energy Committee, Fereydoun Abbasi, said that the project’s had reached 90% completion, adding that once the upstream development had been finalised, plans are in place to construct a small refinery to convert the field’s output into refined products for local consumption.
Iran’s Minister of Petroleum Bijan Zangeneh in January oversaw the signing of eight deals between the National Iranian Oil Co. (NIOC) and local companies to maintain and increase production levels for seven southern oilfields and one offshore asset. Asreportedby​MiddleEastOil&Gas(MEOG),​ the$1.2bnworthofdeals cover the offshore Reshadat oilfield as well as others located in the Bushehr, Fars, Khuzestan, Kohgiluyeh-Boyer Ahmad and Hormozgan provinces.
Deals were signed on behalf of NIOC by subsidiaries National Iranian South Oil Co. (NISOC) and Iranian Offshore Oil Co. (IOOC) and follow a larger raft of 13 contracts awarded in August last year worth an estimated $1.78bn targeting a production increase of 185,000 barrels per day.
The announcement comes as part of a nationwide effort to increase production by 355,000 bpd at a total of 33 fields. Under this umbrella initiative a total of 22 engineering, procurement and construction (EPC) firms have agreed deals for the 33 assets with two yet to be signed.
Some of the same companies picked up contracts in both sets of awards, with the latest round of contracts focusing mainly on smaller assets than those handed out in August.
A contract for the Golkhari oilfield was awarded to North Drilling Co. (Sina Energy Gostar Holding), which is owned by the Bonyad-e Mostazafan Foundation, a religious endowment for war veterans and the poor. Both fall under the Execution of Imam Khomeini’s Order (EIKO).
A deal for the third and fourth phases of the 1.1bn barrel Gachsaran oilfield
57​ IRAN Country Report March 2021 www.intellinews.com