Farzad-B is an off-shore natural gas field 20 kilometres off Farsi Island in Iran. The total in-place reserves of the gas field are around 21.68 trillion cubic foot (6.14×1011 m3) of which around 60 percent is recoverable. On 17 May 2021, the Iranian oil ministry said that a $1.78 billion contract had been signed with NIOC subsidiary to develop the gas field. The daily gas production target for the first five years is 28 million cubic foot (790,000 m3), with the gas to be processed at , and the resulting gas condensates to be further processed in South Pars refineries.
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