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.
The project is currently in construction stage and is expected to start commercial production in 2026. 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 2040, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2055.
Contractors involved in the Farzad B conventional gas field
Some of the key contractors involved in the Farzad B project as follows.
Main EPC: National Iranian Oil
Other Contractors: National Iranian Oil
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. The company offers upstream oil and gas, crude oil, natural gas, and hydrocarbon resources. It offers services which include facilities services, engineering, procurement, construction, designing, fabrication, installation, offshore and onshore services, and others. Petropars also offers acquisition and development, exploration, operations and management, and legal affairs, financial, overseas projects, public relations, internal audit, security, ICT, financial affairs, HSEQ, planning, commercial, contracts, and construction management services. The company also provides petroleum, general, joint venture, tenders, technical knowhow, and project and safety engineering management services. Petropars is headquartered in Tehran, Iran.
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