Iran turns down Indian company’s offer to develop gas field

[ayesha.a]

I would like to know if the Indian offer was turned down owing to present talks going on to ease curbs on Iran or does Iran wish to involve more parties and develop the project through an international global tendering.

Again, I want to reiterate that this is solely based on what I heard a couple of years back - Indian companies had found it unviable to explore that particular field. Iran then assigned a state owned company to do so, and from what I can understand, they are looking for other entities.

However, there are a few other fields in Iran that are rich in natural gas, and it is a tremendous opportunity for Indian companies to mine those.

 

[Indus Falcon]

I know that my statement is incompatible with the source of the OP, which is why I began my post with "I'm not sure." But I have provided news clips from 20013 (there are also a few from 2009), saying that ONGC had declined to pursue exploring the Farzad-B field. "Those news sources don't agree with what you say!", to reply in a similar manner to you.

P.S: I have not trolled. Are you sure what that word means?

When a three day old official press release, refutes a crappy news outlets two year old article, it's called trolling!!

 

[ayesha.a]

When a three day old official press release, refutes a crappy news outlets two year old article, it's called trolling!!

Repeat - you ought to check up what the word "trolling" means.

As for "crappy" news outlet - even here on PDF, there are thousands of posts applying that epithet to your source. (Arabs call it "pisstv".)

I try to be objective and present facts, rather than argue on the lines of "my source better than your source."

 

[Indus Falcon]

Repeat - you ought to check up what the word "trolling" means.

As for "crappy" news outlet - even here on PDF, there are thousands of posts applying that epithet to your source. (Arabs call it "pisstv".)

I try to be objective and present facts, rather than argue on the lines of "my source better than your source."

When you open your mouth you sure do show your level of intellect!!

PressTV / PissTV - No one doubts that they are the official Iranian mouthpiece. And you have the audacity to challenge it, with a two year old crappy article, from Indian media/mudea. Bravo!!!

 

[Indus Falcon]

I was under the impression that all the assets of BP were nationalised by Ayatollah in 1980

And with regards to shell and few others
Royal Dutch Shell quits Iran oil field project to escape US sanctions | Daily Mail Online

Ground realities might have changed in the subsequent years. If you have information otherwise than share it instead howling "trolling"

1) The article you quoted is dated 1st Oct 2010. This article is dated 27th Sept 2010:
Shell increases oil trade with Iran – despite sanctions | World news | The Guardian

2) "The debts of BP to Iran has not published officially yet, but Shell said in March 2013 that it has $2.3 billion debts to Tehran."
Tehran officially invites Shell, BP to invest in Iranian oil projects – Royal Dutch Shell plc .com

3) Any sane person will agree that the oil /gas business is heavily politicized. In a scenario like this, where Billions of $'s are at stake you have to look very carefully to see what game is actually being played, don't let your patriotism blind you.

 

[Donatello]

If Sanctions are lifted then obviously American/European Oil/Gas giants would go in. Maybe even Russia. Why would they give it to India???

 

[Chanakya's_Chant]

There you go!!

I would like to know if the Indian offer was turned down owing to present talks going on to ease curbs on Iran or does Iran wish to involve more parties and develop the project through an international global tendering.

Both countries have a warm relationship and even if Iran wishes to go in some other manner, it is well within its rights, something India will respect.

Is this Iran Pakistan India pipeline or some new project (presumably underwater pipeline)?
@SOHEIL

I'm not quite sure what this news is about. As far as I know, Indian companies had themselves determined that mining the Farzad-B gas field would be commercially unviable, at least with the technologies they possessed. After that, the Iranian govt had selected a domestic company to develop the field. (This is what I was told, some years back.) Both ONGC and another Indian company had come to the same conclusion.

Iran replaces ONGC with state company in oil field - timesofindia-economictimes

No it was not, ONGC was interested in it from the very beginning - getting access to the Farzad B assets was vital for OVL to achieve the milestone of producing 20 million tonnes of oil and equivalent (mtoe) by 2018.

Now Iran has decided to auction the asset as, according to them, India did not make any efforts in the past three years to sign the contract. They placed the oil field on auction list back in 2014.

Iran puts ONGC discovered gas field on auction list - The Hindu

So as @Tshering22 remarked - "Thanks to Congress!"

 

[Water Car Engineer]

No idea ...

Nice beard bro.

 

[Indus Falcon]

Dear (forget my nationality for few moments) please just ponder over the links which you provided.
They mentions Shell and BP are amongst the top customers/consumers of the oil (petro products).
They don't mention anywhere that they are running oil extraction/development/exploration programme in Iran.

Buying crude oil is different and running oil/gas exploration is a a different game. In the first, money would be paid (remittances) after the oil is delivered/ or advance remittance on the basis of pro-forma invoice. But, again the amount shall be limited to the consignment amount etc.

Running an exploration program is in altogether different ballpark. To begin with, In first stage, billions would be invested to locate the oil/gas wells and than billions would be spend on erecting the required infrastructure to harness the oil (if you succeeded to find oil in the first place else kiss your billions goodbye).

Even break even is usually years away. Needless to say, actual managers and planners who conceive/run these programmes are usually paranoid and take every precaution to ensure profitability/viability.

Though as a token of thanks, for refusing to bomb Yemen (or in other words for not poking their nose in the matters which do not concern them), Iranians should perhaps let Pakistan develop these oil fields......

1) The exploration you are talking about, in the Iranian context it is very different, more along the lines of BOT, to put it simply. This is one of the reasons why the sanctions have dragged on, (because the oil companies got a raw deal).

I personally feel this is why initially (2013) the Indians backed down, they then submitted a revised proposal which the Iranians are refusing (03.05.2015). IF you look at it from a neutral prospective you should be happy that you are not settling for peanuts.

2) You can literally count on your fingers, the number of new oil/gas fields that need to be developed. In fact what the Iranians need right now, is for their poor performing fields to increase their output, plus existing fields to be made efficient. Technology which no one is going to hand it over for peanuts.

3) Thanks but no thanks! We don't want any favors from the mullah regime. The further we stay away we stay from them, the better for us. Thanks to Zardari we are already buying electricity from them for Gawadar. A very unfortunate situation.

 

[SOHEIL]

Nice beard bro.

Thanks !

 

[SOHEIL]

Thanks but no thanks! We don't want any favors from the mullah regime. The further we stay away we stay from them, the better for us. Thanks to Zardari we are already buying electricity from them for Gawadar. A very unfortunate situation.

I have a heartbreaking answer but never mind !!!

 

[Echo_419]

If Sanctions are lifted then obviously American/European Oil/Gas giants would go in. Maybe even Russia. Why would they give it to India???

If Indian company's offer is better then we would get it

 

[Menace2Society]

Iran needs to seriously look at regional dynamics and consider Sino-Pak-Russia alignment. All these countries can easily be on the same page. It will take a while to erase mistrust with Pakistan and Iran but it can be achieved with hard work.

This partnership can be much more mutual and long lasting rather than aligning with India who have proven to be very self centered and selfish. Transactional based relationships only last when there is money. No money no brotherly love. Its a fallacy.

Indians will cry and hue about this and how Pakistan is this bla bla bla. But the reality of the region and peace and stability for everyone concerned the Sino-Pak-Iran-Russia partnership must form.

 

[kaku1]

Thanks !

Ultimately India transfer its whole oil import from KSA to Iran, within 5 yrs. Thats for sure.

And Qatar-Iran-India multipurpose pipeline is going to build, thats written on wall.

 

[SOHEIL]

Ultimately India transfer its whole oil import from KSA to Iran

Won't happen !