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17/05/2021By Bloomberg
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies.
17/05/2021By Bloomberg
Iran’s Petropars Ltd. will be awarded a $1.78 billion contract by the National Iranian Oil Co. to develop the giant Farzad-B gas field that was previously intended to be tapped by a group of Indian companies.
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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.