India loses ONGC-discovered Farzad-B gas field in Iran
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India loses ONGC-discovered Farzad-B gas field in Iran
PTI / Updated: May 17, 2021, 16:06 IST
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ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had in 2008 discovered a giant gas field in the Farsi offshore exploration block. (Representative image)
NEW DELHI: India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf, the Iranian oil ministry s official news service Shana reported. The deal was signed on Monday, May 17, in a ceremony held in the presence of Iranian minister of petroleum Bijan Zangeneh in Tehran.
India loses Farzad-B gas field in Iran
The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable. It also holds gas condensates of about 5,000 barrels per billion cubic feet of gas.
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NEW DELHI: India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. The National Iranian Oil Company (NIOC) has signed a contract worth USD 1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf, the Iranian oil ministry s official news service Shana reported.
India loses ONGC-discovered Iranian gas field to local firm
The field holds 23 trillion cubic feet of in-place gas reserves, of which about 60 per cent is recoverable. It also holds gas condensates of about 5,000 barrels per billion cubic feet of gas
PTI | May 17, 2021 | Updated 19:20 IST
The 3,500 square kilometer Farsi block sits in a water depth of 20-90 metres on the Iranian side of the Persian Gulf
India on Monday lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran awarded a contract for developing the giant gas field to a local company. The National Iranian Oil Company (NIOC) has signed a contract worth $1.78 billion with Petropars Group for the development of Farzad B Gas Field in the Persian Gulf, the Iranian oil ministry s official news service Shana reported. The deal was signed on Monday, May 17, in a ceremony held in the presence of Iranian minister of petroleum Bijan Zangeneh in Tehran.
The National Iranian Drilling Company has completed 117 oil and gas wells by drilling 85,616 meters during the past year. According to the National Iranian.