Middle East Economic Survey

VOL. LI

No 3

21-January-2008

IRAN

ONGC Increases Gas-In-Place Estimate For Irans Farsi Block

Indias ONGC Videsh has increased its estimate of gas-in-place for Irans Farsi offshore block, according to a Fars News Agency report of 16 January. The company has reportedly told the National Iranian Oil Company (NIOC) that gas-in-place on the block is now estimated at 68.21 tcf, compared with an initial assessment of 10 tcf (MEES, 14 May 2007). Estimated oil-in-place is...