Iran to develop offshore Farzad B gas field without India
http://www.chemnet.com May 17,2021 S&P Global
Tehran—The National Iranian Oil Co. is set to sign a $1.78 billion deal with a domestic company to develop the Farzad B gas field in the Persian Gulf, oil ministry news service Shana reported May 16.
Petropars, Iran's leading general contractor, will ink a buyback deal with NIOC on May 17 to produce 28 million cu m/d of sour gas over five years from reserves shared with Saudi Arabia. The gas condensates and sour gas produced will be sent to southern South Pars gas plants.Farzad B's gas in place is around 23 Tcf and its gas condensates amount to around 5,000 barrels/Bcf.