BAKU, Azerbaijan, October 23. Iran is set to begin the next phase of development at the Abuzar oil field soon, Ahmad Reza Rasti, Chief Executive Officer of the Iranian Offshore Oil Company (IOOC), said during a visit to review pipeline installation works at the field, Trend reports.
He noted that despite sanctions imposed by Western countries and other economic challenges, operational activities at the Abuzar oil field have accelerated in recent months.
Rasti said that, according to the project schedule, a domestically equipped vessel will soon begin offshore operations at the field.
The Abuzar oil field is located in southern Iran, about 76 kilometers from Kharg Island in Bushehr province. Currently, production from 89 wells at the field amounts to roughly 185,000 barrels of crude oil per day.
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