Esfandiar is 95 km southwest of Khark Island. On the Saudi Arabian side, the field is known as Lulu.
IOOC CEO Alireza Mehdizadeh told news service Shana the development plan had been approved by the National Iranian Oil Co. and a licensing round will shortly be held for the development.
“Based on the results of a comprehensive study of the field, the design, construction and installation of a well platform and the drilling of four production wells have been proposed in the first phase, and the production fluid from this field, after being transferred and processed at the Abouzar platform, will be transferred to Khark Island,” Mehdizadeh said.
He added that IOOC plans an exploration well to obtain more information about the structure of the Esfandiar oil reservoir and to support analysis for the next phases of the development.
Shana also reports that Iranian Offshore Engineering and Construction Co. has completed the shore pull operation for the new 110-km to 5-km, 32-inch pipeline of Phase 16 of the South Pars gas field.
The operation lasted three days at the designated point in Asalouyeh, southern Iran.
The new pipeline will be laid between the south coast of the Phase 16-15 refinery in Asalouyeh and the offshore Phase 16 platform.
It will transport South Pars sour gas, also ensuring stable production on the SPD16 platform.