IOOC – Farzad-B Offshore Gas Field Development – Iran - Project Profile
"IOOC – Farzad-B Offshore Gas Field Development – Iran - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
The "IOOC – Farzad-B Offshore Gas Field Development – Iran - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.
Iranian Offshore Oil Company (IOOC), a subsidiary of National Iranian Oil Company, plans to develop the Farzad-B gas field project in the Persian Gulf, Iran.
The project involves the development of a gas field and the construction of related facilities. It includes the construction of a central processing facility, an FPSO unit and pipelines, and the installation of umbilicals, risers, and flowline.
In April 2016, a joint-agreement deal was signed between India and Iran to discuss the development plan, financial and commercial terms of the gas field and to award the development contract to the ONGC-led consortium by October 2016.
In October 2016, the deal was pushed back to February 2017.
In April 2017, ONGC has submitted a revised plan to develop the project.
ONGC failed to make an appropriate offer to finalise development, financial and commercial terms for the gas field in May 2017.
In June 2017, IOOC signed an initial agreement with Gazprom for the development of the project.
The project involves the development of a gas field and related infrastructure in the Farsi offshore block of the Persian Gulf, Iran.
The US$3,000 million project includes the following:
1. Construction of gas extraction facilities
2. Construction of a central processing facility
3. Construction of floating production storage and offloading (FPSO) unit
4. Installation of umbilicals
5. Installation of risers and flowline
6. Installation of safety system
7. Construction of gas pipeline
8. Construction of related facilities
Reasons To Buy
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook