Offshore staff
TEHRAN, Iran – National Iranian Oil Company (NIOC) has contracted Petropars to perform the engineering, exploration and basic design for the Farzad B gas field development in the Persian Gulf.
Iranian Minister of Petroleum Bijan Zangeneh said NIOC had allocated $75 million towards the program with the remaining capital for financing the project likely to come through buyback or IPC contracts, according to a report by news service Shana.
Zanganeh added that Petropars was also handling development of Phase 11 of the South Pars gas field, originally awarded to Total.
12/16/2019
