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2016-03-29 18:25:00

ONGC APPROVES $5 BLN

ONGC APPROVES $5 BLN

 

INDIA OIL GAS ENERGY MAP

 

The board of India's Oil & Natural Gas Corp. Ltd. approved a $5-billion offshore oil and natural gas development plan for the Krishna-Godavari basin off the country's east coast.

ONGC plans 35 wells in Clusters 2A and 2B on deepwater block KG-DWN-98/2. Twelve of the wells will be used for water injection.

First gas is expected by June 2019 and first oil by March 2020. ONGC expects a peak production rate in Cluster 2A of 77,305 b/d and 3.81 million cu m/day of associated gas through 15 producers. In Cluster 2B, peak gas production is expected to be 12.75 million cu m/day from eight wells.

The plan includes a gas processing platform with bridge-connected living quarters; a floating production, storage, and offloading vessel; about 430 km of subsea pipelines; and an onshore gas terminal.

ogj.com

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More: 

INDIA & RUSSIA DEAL 

INDIAN GASOLINE EXPORTS UP 3.8%  

UNIQUE INTERNATIONAL CONSORTIUM 

ROSNEFT SELLS STAKES 

$40 BLN FOR INDIA 

INDIAN OIL DEMAND UP 300,000

Tags: INDIA, OIL, GAS, ONGC

Chronicle:

ONGC APPROVES $5 BLN
November, 24, 09:15:00

SAUDI'S OIL FOR CHINA

BLOOMBERG - As Saudi Arabia led OPEC’s output cuts this year to shrink a global glut, it’s lost out on market share in the world’s biggest energy consumer. Russia in September retained the top Chinese supplier spot for the seventh straight month, while the kingdom was third.

ONGC APPROVES $5 BLN
November, 24, 09:10:00

URALS QUALITY WILL DOWN

PLATTS - The quality of Russia's key Urals crude exports towards Europe will continue to fall next year as more of the country's low-sulfur oil flows are diverted eastward to China, Russian national oil pipeline operator Transneft warned.

ONGC APPROVES $5 BLN
November, 24, 09:05:00

S.KOREA'S SOLAR UP

FT - OCI — the world’s third-largest polysilicon maker by capacity and South Korea’s biggest — this month reported a 3,373 per cent increase in operating profit to Won78.7bn ($72m) for the July-September quarter, its best performance in five years. Rival Hanwha Chemical saw third-quarter net profit jump 25 per cent to a record Won252bn. 

ONGC APPROVES $5 BLN
November, 24, 09:00:00

U.S. RIGS UP 8 TO 923

U.S. Rig Count is up 330 rigs from last year's count of 593, with oil rigs up 273, gas rigs up 58, and miscellaneous rigs down 1 to 0. Canada Rig Count is up 41 rigs from last year's count of 174, with oil rigs up 13, gas rigs up 30, and miscellaneous rigs down 2 to 2.

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