Iran holds multilateral talks on offshore Farzad gas development

National Iranian Oil Co. is in three parallel discussions with various parties on developing the Farzad B gas field in the Persian Gulf, according to news service Shana.

Offshore staff

TEHRAN, Iran – National Iranian Oil Co. (NIOC) is in three parallel discussions with various parties on developing the Farzad B gas field in the Persian Gulf, according to news service Shana.

An NIOC official involved, Karim Zobeidi, said negotiations are advancing withONGC Videsh and a Russian company for the 19-tcf field.

“Parallel with these two negotiations, NIOC is also in talks with Petropars as well as a foreign counsel on an appraisal project for developing Farzad A and B projects and injection of their fields’ gas to the Aghajari oilfield,” he added.

ONGC has been negotiating for development rights toFarzad B since 2009.

09/05/2017

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