ONGC Videsh to bid for Iran's South Azadegan oilfield, rework Farzad-B cost
Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), will bid for development rights of Iran's giant in direct competition with the likes of global giants like Shell, France's Total, OVL will also rework the $6.2 billion cost of developing the Farzad-B gas field in the Persian Gulf, which it had discovered a decade back, to get Iran to award rights of the field to it, sources privy to the development said. OVL is one of the 34 companies Iran pre-qualified last year for development of South Azadegan field, which contains an ...
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