The CEO of the Iranian Central Oil Fields Company said plans were under way to start crude oil production at Khesht Oilfield in the first half of the next Iranian calendar year which starts on March 21, 2021.

Image source: NIOC

According to South Zagros Oil and Gas Production Company, Ramin Hatami, during his visit to the Khesht oil field on Saturday, said: 'Early production of this field will be operational by launching three wells in first half of next year and the produced oil will be sent to Nargesi Production Center via a 10-inch pipeline which stretches 17 kilometers.'

He said the field would yield 20,000 barrels per day by the end of the next calendar year.

The development project of the field has so far made nearly 90% progress.

The field is located in the Southern part of Zagros Mountains in the Konar Takhteh city, between Kazeron and Borazjan, 190 Km off Shiraz, on the border of Bushehr Province. The field's development project has been defined to enhance the production capacity of Sarvestan and Saadatabad oilfield and bring it to 30,000 bpd.

KeyFacts Energy: NIOC Iran country profile