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India has right to 30% stake in Iran gas field even after contract change

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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'India has right to 30% stake in Iranian gas field even after contract to local firm'

An Indian consortium led by ONGC Videsh Ltd contractually has a right to take a 30 per cent interest in the Farzad-B gas field development in the Persian Gulf even after the Iranian decision to award rights of the giant field to a local firm, top officials said. In February 2020, the National Iranian Oil Company (NIOC) informed Indians about its intention to conclude the ....

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India has right to 30% stake in Iranian gas field even after contract to local firm

India has right to 30% stake in Iranian gas field even after contract to local firm
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India loses ONGC-discovered Farzad-B gas field in Iran

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. ....

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India loses Farzad-B gas field in Iran- The New Indian Express

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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By PTI
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. ....

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