Farzad B is a conventional gas development located in shallow water in Iran and is operated by Petropars. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Farzad B was discovered in 2007, lies in block Farsi, with water depth of around 295 feet. Buy the profile here.

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The project is currently in construction stage and is expected to start commercial production in 2026. The development cost is expected to be $1,800 m. The Farzad B conventional gas development will includes wellhead platform.

Field participation details

The field is owned by National Iranian Oil.

Production from Farzad B

Production from the Farzad B conventional gas development project is expected to begin in 2026 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2064.

Contractors involved in the Farzad B conventional gas field

Some of the key contractors involved in the Farzad B project as follows.

EPC Contractors: National Iranian Oil

Other Contractors: National Iranian Oil and Adf

About Petropars

Petropars Ltd (Petropars) a subsidiary of NICO Naftiran Intertrade Company is an oil and gas company that explores, exploits and develops oil and gas projects. It offers services which include facilities services, investment services, exploration services, development services, commissioning and operation of onshore and offshore, conceptual engineering and reservoir management, fabrication , supply of equipment and vessels, logistic services, among others. The company also provides general, joint venture and project and engineering management services. Petropars is headquartered in Tehran, Iran.

For more details on the Farzad B Conventional Gas Field, buy the profile here.

This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.