WebMay 19, 2024 · •The Farzad-B gas field comprises 23 trillion cubic feet of in-place gas reserves, out of which 60 percent is estimated to be recoverable. •The gas field also holds gas condensates of about ... WebMay 18, 2024 · 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 …

India set to lose Farzad-B gas field in Iran Mint

WebMay 17, 2024 · Iran on Monday gave the Farzad B gas field to Petropars, a domestic gas producer. This is a setback for India’s energy ties with Iran as ONGC Videsh Ltd (OVL) had discovered the gas field in ... WebMay 18, 2024 · Farzad-B Gas Field: It is located in Persian Gulf (Iran). The contract for exploration of the field was signed in 2002 by Indian consortium comprising ONGC … inaugural theme

Farzad-B Gas Field: Iran - drishtiias.com

WebThe Farzad B gas field is located in the Farsi block, approximately 20km away from Farsi Island, Iran. The Farsi block is spread over 3,500km 2 in the Persian Gulf with the water depth ranging from 20m to 90m. The … WebOct 18, 2024 · The firm submitted a Master Development Plan (MDP) of Farzad-B gas field in April 2011 to Iranian Offshore Oil Company (IOOC), the then designated authority by NIOC for development of Farzad-B gas ... WebMay 23, 2016 · And the same is now on the verge of repeating in the Farzad-B field, which it had discovered in 2008 but no contract to exploit the 12.5 trillion cubic feet of recoverable reserves has so far been concluded with Iran. Sources said a portion of Farzad-B field extends into territorial waters controlled by Iran’s regional arch-rival Saudi Arabia. inaugural vs first annual