Middle East

Farzad B’s new MDP finalised

India’s ONGC Videsh has finalised a new master development plan (MDP) for the Farzad B gas field off Iran, setting the clock ticking for what could be one of Iran’s biggest early project awards in the post-sanctions period, writes Vahe Petrossian.

Adnoc beats the doubters

Abu Dhabi National Oil Company (Adnoc) must be rejoicing over the outcome of its patient approach to awarding stakes in the Persian Gulf emirate’s largest operator of onshore fields.

Iran finds shale oil

Iran has discovered substantial reserves of what is described as light shale oil in the southwestern province of Lorestan and is now surveying the region for shale gas.