India has all but lost the ONGC Videsh Ltd-discovered Farzad-B gas field in the Persian Gulf after Iran decided to prefer domestic companies over foreign firms for development of the field, sources said. ONGC Videsh Ltd (OVL), the overseas investment arm of state-owned Oil and Natural Gas Corp (ONGC), had …
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The sanctions are to be operational in November sans any exemptions.
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In 2013. Vankorneft was chosen as an operator on development of new fields of Vankor Cluster located close to the Vankor field.
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Farzad B was discovered by OVL in the Farsi block about 10 years ago.
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Farzad-B was discovered by OVL in the Farsi block about 10 years ago.
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Ministry of Petroleum has requested qualified foreign E&.P companies to take part in the process of qualification assessment.
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