Tag Archives | Farzad B field

Gazprom “in Talks” to Develop Iranian Fields

A senior official with Gazprom said Russia’s gas giant is in talks with the National Iranian Oil Company (NIOC) to develop four gas fields in Iran. The company plans to expand its reserve base abroad and is stepping up talks on its participation in four Iranian fields, namely Kish, North Pars, Farzad A and B, […]

Iran may Entrust Maersk with SPOL Development: CEO

The managing director of Pars Oil and Gas Company (POGC) said his company is planning to sign a deal with Denmark’s Maersk for developing South Pars gas field’s oil layer (SPOL). Addressing a press conference on Monday, Mohammad Meshkinfam said several companies are in talks with POGC for developing SPOL but the talks with Maersk […]

Iran, India “Probably Part Ways” on Farzad B

Iran has started preliminary talks with Russians to develop Farzad B but negotiations also carry on with the Indians who have long coveted the giant gas field, Iranian Oil Ministry stated. “For the development of the Farzad B field, we are pursuing three separate paths in parallel, but none of the options is definite yet,” […]

ONGC Willing to Spend $11bn at Farzad-B

The managing director of India’s ONGC Videsh Ltd said the consortium is ready to spend as much as $11 billion to develop a giant natural gas field south of Iran. ONGC Videsh Ltd. has offered to invest as much as $6 billion on the Farzad-B field and spend the remaining amount to build a liquefied […]

Wintershall, Gazprom eyeing Iran Partnership

Germany’s biggest oil and gas company Wintershall says it is looking into a plan to collaborate with Russia’s energy giant Gazprom over projects in Iran. The announcement was made by Thilo Wieland, a member of Wintershall board responsible for exploration and production in Russia, Libya, South America. “Our partnership with Gazprom is based on trust, […]

Major Indian Investment in Farzad B Gas Field

Indian state-owned oil company ONGC Videsh plans to invest more than $3 billion to develop Iran’s Farzad B gas field in the Persian Gulf, a report said. ONGC Videsh last month submitted a revised plan to the Iranian government for the field, which the company will be able to develop within five years, Managing Director […]

India Ready to Invest $20bn in Farzad B Gas Field

Indian Oil Minister Dharmendra Pradhan said his country is ready to make an investment of $20 billion in the development of Iran’s Farzad B gas field in the Persian Gulf. Iran and India can swiftly improve their bilateral relations in the oil and gas sectors in the new (post-sanctions) era, Pradhan said at Iran-India Joint […]

Production of Oil from Caspian Sea “Not a Priority”

Minister of Petroleum Bijan Zangeneh said on Tuesday that production of oil from Caspian Sea is not a priority. Speaking in the Majlis (parliament) public meeting, he said that oil recovery from the Caspian Sea is on the agenda but it needs special equipments and experience to extract oil in deep waters of this region. […]

India Sets Sight on Develpoment of Iranian Oil Field

The Indian Oil Corp (IOC) has made a bid to operate an Iranian oil field in the Persian Gulf, a report said. According to a report carried by the Economic Times, IOC, India’s largest oil company, is seeking to operate and produce crude oil from the Iranian field in an attempt to promote the South […]

Indian Group makes pitch for Farzad B Field

By John Lee. India’s ONGC Videsh, the overseas investment arm of Oil and Natural Gas Corp, has submitted a revised proposal for the development rights of Iran’s giant Farzad B gas field. Managing Director N. K. Verma (pictured) told Reuters that a consortium headed by ONGC Videsh, and including Oil India and Indian Oil Corporation, […]