All content in this website is sourced legitimately

Archives

All the news items since the launch of our web site are preserved in the archive section. The archive entries are freely accessible to all the users.

Oct 2015

  8GAIL (India) Limited and government of Jharkhand has signed a gas cooperation agreement (GCA) for the creation of natural gas and city gas distribution infrastructure, subsequent to the building of the Jagdishpur – Haldia pipeline project that turns through the state.
  8The pipeline is slated to pass through six districts of Jharkhand namely, Bokaro, Giridih, Hazaribagh, Singhbhum, Ranchi and Dhanbad.
  8IThe pipeline will run a total of 340 kms in the state, of which 174 kms will be the mainline and 166 kms will be spurlines.
  8The pipeline can be used to provide natural gas as fuel to the steel plant in Bokaro and also to the  fertilizer plant at Sindri which is under revival.
  8Moreoverit can be used to supply gas at the proposed CGD networks in Ranchi and Jamshedpur.
  8It is estimated that the gas demand in Jharkhand can reach 8.80 MMSCMD on completion of pending projects.
  8As part of the GCA, GAIL and the Jharkhand government will evaluate ways for cooperation in development of use of gas and related infrastructure, study various options to evaluate the energy demand in the state and promotion of the joint venture for CGD projects.
  8The department of industries of the Jharkhand government has agreed to coordinate all necessary permissions and clearances required for development of natural gas, CGD, distribution infrastructure and associated facilities.
  8The GCA will also facilitate establishment of pipeline connectivity from the seven coal bed methane (CBM) blocks awarded in the state to various consumption centres.
  8The 2,000 km-long JHPL, the ‘Energy Highway’ of Eastern India, will carry eco-friendly Natural Gas to eastern Uttar Pradesh, Bihar, Jharkhand and West Bengal.
  Click on the details for more Details
The PNGRB is now eyeing Petronet CCK Ltd's 292 km Cochin-Coimbatore-Kurur product pipeline for declaration as a common carrier pipeline.
8This will then ensure that the regulator is the one that determines the tariff and not the company.
8The PNGRB has said that after an analysis of the throughput achieved by the pipeline, 20% of the capacity is available for declaration as common carrier capacity.
8The company however is vehemently against being brought under the control of the regulator, claiming that it runs as a dedicated pipeline that is meant to evacuate products from BPCL's Kochi refinery to demand centers in Coimnbatore and Kurur and it should therefore remain outside the preview of the PNGRB.
8The consignor and consignee are one and the same.
8Then again, Petronet CCK has argued that while the capacity utilization of the pipeline is currently at 78%, it has reached this level progressively., and within the next two years, the utilization level will notch 100%.
8Apart  from the above, BPCL's Kochi refinery is in the  process  of augmenting its refining capacity from 9.MMTPA  to  15 MMTPA.  The above  capacity expansion is planned, keeping in view the  existing capacity of the CCK pipeline, through which  the  excess products available from  Kochi Refinery would be evacuated to distant market centres. Hence, there is absolutely no scope for accommodating any other entity for sourcing the product from the pipeline other than BPCL.
8Presently, BPCL holds a  49% share in the pipeline, which  would be enhanced to 75% very shortly, when it acquires the 26%  share in the pipeline, the final approval for which is now pending before the cabinet. Ultimately, the pipeline would be completely merged with BPCL.
8Then the justification of the  "dedicated pipeline" status would be further strengthened, the company has argued
Click on Reports for more Details
The Indian government will have to work fast to be able to keep E&P players interested in tapping hydrocarbon reserves in the country..
 8India is not a great country to invest in because of its poor geology and regulatory intrusions by the government does not make it any easier.
 8Even if the government were to free up gas prices, it may be doing it a little too late in the day. For the oil and gas industry has changed dramatically over the last one year.
 8Prices have crashed so dramatically and the market has transformed so rapidly that the floor price of spot LNG is now the new benchmark
 8There is no requirement really for bids for gas anymore, nor is there a need for priority sector allocation, if the price is freed.
 8For even if free pricing is now allowed, it is quite likely that some of the discoveries may remain unexploited because the floor price is still too low to break even.
 8The breakeven price for RIL's D-6 discoveries will be around $7/mmbtu, but will the company go ahead with its E&P programme at this price, particularly when the LNG spot price is also around the same level?
 8That prices will not rise to the levels seen one year ago is evident from fact that US gas production has now become viable at very low Henry Hub prices. And this is how it is going to remain for the next several years.
 Click on Details for more Details
The PNGRB must have transparent procedures for imposition of penalties as clearly spelled out in the Act.
 8There is no room for interpretation here, either to be lax or strict.
 8A standard set of benchmarks should be evolved for one and all.
 8If GAIL is allowed to go free without attracting provisions of Section 28 and Chapter IX, then the regulator cannot apply it for other too.
 8What is the basis for imposing a 25% confiscation of the PGD amount and not 100% when the rules are pretty clear on this count?
 8Why were Section 28 and Chapter IX ignored while imposing the Rs 20 lakh fine on GAIL when 22 lives were lost?
 8This is a question that the PNGRB must answer.
 8Or is it just a facade? That in fact GAIL and the regulator are in cahoots. The script being that the regulator will impose a light fine and GAIL would kick up all the necessary fuss, go to court, and then settle down quietly.
 8Is it possible that there is a nefarious angle here too?
 8Nothing is impossible. Nothing can be ruled out.
 Click on Reports for more Details
The PNGRB however has not been consistent with its decision making and there is an element of subjectivity in it that may eventually land the regulator in trouble.
 8If the rule book was to be followed, there was ground for imposition of civil penalty over and above the confiscation of the PBG because of GAIL's failure to complete financial closure in time for the pipeline project.
 The PNGRB order says, "the regulator could also levy civil penalty as per as per Section 28 pf the PNGRB in addition to taking action as prescribed for offences and punishment under Chapter IX of the Act but given consideration to the entailing consequences of such order we merely directed to  confiscate 25% of the PBG.
 8Section 28 lays down that for violations under the Act, "a civil penalty not exceeding Rs one crore for each contravention and in case of continuing failure additional penalty which may extend to Rs 10 lakh for every day during the time that the failure continues will be levied." 
 8Then again, Chapter IX of the Act says that "when an offence is committed by a company,  very person who at the time the offence was committed was in charge of, and was responsible to, the company for the conduct of the business of the company, as well as the company, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly: where an offence under this Act has been committed by a company and it is proved that the offence has been committed with the consent or connivance of, or is attributable to, any neglect on the part of any director, manager, secretary or other officer of the company, such director, manager, secretary or other officer shall also be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly."
 Comment: The law seems to be pretty clear. The PNGRB also knows that these above mentioned sections have indeed been violated. The order says this as well, but the problem is that no one wants to get on with the job. If the PNGRB decides to treat a gigantic monopoly like GAIL and its erroneous ways with kid gloves and allows it to get away with just a perfunctory fine (using the benchmark of GAIL's networth), and  arms itself with an extra constitutional leeway to not implement provisions for penalty as prescribed in the Act, it is doing a disservice to dozens of buyers and hundreds of other stakeholders who are involved in the entire gas business. One day, these orders will be scrutinized for laxity in not bringing people in power to justice in a manner that the law prescribes.
 Click on Reports for more Details
Life is cheap in India and nothing underscores that more than the Rs 20 lakh fine imposed on GAIL for the pipeline blast that took the llives of 22 people on June 27, 2014.
 8All of them died while they were still sleeping on account of gross negligence by GAIL and its management.
 8This has been established beyond doubt by the PNGRB itself but even then the regulator has refused to take action as per Chapter IX of the Act.
 8This gross of act of negligence must be scrutinized by a Parliamentary Committee to book the culprits in according with the laws of this country.
 8It has been established that GAIL knew about the precarious condition in the pipeline and yet done nothing to repair it.
 8The gas major was found to be repairing the pipeline on a regular basis using temporary measures. 
 8The pipeline was designed for dry gas while wet gas was allowed to be ferried
 8A dehydration plant was meant to set up but never was.
 8There were suggestions made to use corrosion inhibitor but that was ignored by GAIL
 8Scrapper pigging was not carried out in the pipeline even though that was essential to take out water and condensate
 8No procedures were laid down on how temporary repairs should be carried out and this was the main reason why the blast occurred.
 8A rig residue analysis, which is important to understand the health of a pipeline system, was never carried out
 8Worst was that the command control structure that was an essential part of the safety regulations was there only on paper. 
 8What were the consequences: 22 innocent people were burnt to death in their sleep and many more were injured. 
 8What action action was taken against the management of GAIL: Nothing at all!
 8Did anyone go to jail for loss of lives on account of willful neglect: No!
 8Was there a criminal charge on any GAIL official for loss of lives No!
 8Was anyone punished or sacked: No!
 8This incident and its aftermath is a telling commentary on how the oil and gas industry functions in India. 
 8And government or Parliament itself or a Joint Parliamentary Committee needs to fix this anomaly with utmost urgency.
 Click Reports section for more Details
IOC is also promoting an LNG terminal at the Kamarajar port at an investment of Rs.4512 crores.
 8The terminal will have a capacity of 5 MTPA for the storage and regasification of liquefied natural gas .
 8IOCL has already obtained necessary environment clearance and is in the process of selection of EPC contractors.
 8KPL allotted a 24 ha of land at the waterfront for the jetty as well as for storage and regasification facilities.
 8The LNG jetty has been designed for handling Q-max vessels of 266,000 m3 size - which is the maximum size operating at present.
 Click on the Reports for more. Details
KPT has already developed a marine liquid terminal (MLT) in its port having a cargo handling capacity of 3 MTPA .
 8Data shows that the terminal has achieved about 80% of the total capacity in the year 2013-14 and 110% in the year 2014-15.
 8The traffic growth indicates the requirement of more liquid terminals in the Kamarajar Port.
 8The oil companies like IOCL, BPCL and HPCL have also shown interest in developing new terminals in the port.
 8The expected liquid cargo to be handled at MLT-II are HSD, MS, CBFS, Base oil, POL, chemicals, SKO and LPG  whereas at the captive jetty  POL and LPG will be handled.
 8As per the port layout of Kamarajar, the MLT-II and the captive jetty are proposed at a location of about 1700 meters from the landfall point on the western side of the northern breakwater and on the south side of the existing MLT-I.
 8The berthing structure will be offset at a distance of about 135 m off the north breakwater. Each jetty will be an integrated structure consisting of 360 meters of a  berthing platform and mooring facilities for handling smaller as well as larger vessels 
 Click on the reports for more.
   Details
Kamarajar Port Ltd (KPL) has chalked out a plan to develop two more marine liquid terminals (MLT) as per phase III of its master plan at Kamarajar port.
 8Thecombined capacity is pegged at 10 MTPA.
 8Out of the two, one would be developed through the PPP mode and the other on a captive basis.
 8One terminal will be built by IOCL on a  captive basis and the refiner will be commencing its construction by April 2016, completing it by the end of September 2018.
 8Whereas the construction work for the second terminal will begin by April 2017 and is scheduled to completed by end of September 2019. 
 8KPL has already awarded the construction, operation and maintenance of the marine liquid terminal (MLT) to Ennore Tank Terminals Pvt. Ltd on a 30 years build, operate and transfer (BOT) license.
 Click on the our Reports section for more. Details
The PNGRB had issued an order today where it reiterated the encashment of 25% of the Performance Bond Guarantee (PBG) for GAIL's inability to complete financial closure on a pipeline project despite the fact that 42 months had gone by.
8This is a lot of money by any yardstick; The penalty was Rs five crore on a PBG of Rs 20 crore.
8As usual GAIL behaved like the spoilt child and refused to abide by the directions of the PNGRB and ran to the Delhi High Court for a stay order.
8The court however refused to play ball and gave GAIL one week to convince the PNGRB why the fine should not be imposed.
8Eventually, the GAIL brass headed by a director and two executive directors turned up to plead before the Board for a repreive.
8Smelling sweet revenge, the Board decided to stick to its decision.
8What is more GAIL was told to ensure that the PBG be reinstated to the Rs 20 crore before forward.
Comment: The PNGRB's orders must also be more clear. Though the fine has been imposed, the project itself finds no mention. Then again, it talks of a September 30 order that imposed the fine in the first place but the order itself has not been uploaded. Someone in PNGRB is goofing up and he must be hauled up and told to do his job.
Click on Reports for more Details
It is also now not turning out to be true that OPEC actually acts to stabilize the oil market.
 8Many commentators have argued that OPEC has given up its role as swing producer to shale oil.
 8But that is not true either. Rather, the belief that OPEC would always stabilise the market was never correct.
 8The power of OPEC to stabilize the market stems from its ability to vary supply temporally to increase or decrease supply from one period to another in response to shocks or fluctuations.
 8The Arab Spring caused significant supply disruptions in several oil producers in the Middle-East and North Africa and OPEC stepped in with higher supplies, Similarly in 1999, as the Asian financial crisis was hitting demand, OPEC reduced supply in order to support market prices.
 8But OPEC has never had the ability to stabilise the market in response to structural shocks, at least not in a sustainable way.
 8OPEC today can cut its production; but only at the expense of giving up its share of an already contracting market to higher-cost producers. And to maintain prices, it would have needed to give up progressive amounts
 of market share in subsequent years.
 8The economically sensible response this is for OPEC to maintain its  market share and let other higher-cost producers, less able to compete,  bear the brunt of the demand contraction.
 8We haven’t yet seen the invention of the mass-produced electric car that will replace electric car that will end the demand for oil. But  the emergence of US shale oil had a similar qualitative impact on the
 supply side.
 8US shale, although more cyclical, is likely to be a persistent source of supply for many years to come. Much of current shale oil production is situated somewhere in the middle of the cost curve. And the rapid pace of productivity improvements means that its competitive position relative to other types of production is increasing all the time.OPEC is no more able to wage war on US shale than it could on a successful electric car.
 Click on Reports for more Details
The US current account deficit, along with China’s current account surplus, were a key part of the so-called global imbalances that foreshadowed the global financial crisis.
 8Energy imports were a big part of this imbalance, accounting for almost half of the US current account deficit of 6% in 2007. That energy deficiency has now reduced to around 1% of GDP, with the US set to
 move to energy self-sufficiency by the early 2020s.
 8In a similar vein, this reduction in the US energy deficit is also likely to have contributed to the appreciation of the dollar in recent years.
 8Much of the discussion of the dollar’s appreciation has focussed on cyclical factors: the relative strength of US demand growth and its implications for the timing of interest rate hikes. But it is also important to recognise the important structural changes that have taken place as the US reliance on energy imports has been transformed.
 8The changing pattern of energy flows also has potentially important geo-political implications.It is inconceivable that the reduced dependency of the US on oil imports won’t affect its relationship with some of the key oil producers.
 8Perhaps even more importantly, China’s increasing reliance on energy imports to fuel its future growth – and the associated concerns this brings about energy security – is likely to have an increasing influence on China’s foreign relations.
 8Indeed, it seems likely that the creation of the Asian Infrastructure Investment Bank (AIIB) – and the associated “one belt, one road” policy which has been a centre piece of President Xi Jingping’s first term – stems in no small measure from these energy security concerns.
 Click on Reports for more Details
The old notion that oil necessarily flows from the east to the west -- from Middle East to Europe and US -- is no longer true.
 8Two developments are important to understand this.
 8First, the demand for oil in the west is falling. Oil consumption in the US and Europe peaked about 10 years ago and has been on a downward  trend ever since. This largely reflects the improving efficiency of motor vehicles, with fuel economy of new cars around 20% higher than 10 years ago. And if anything,  tightening regulation and improving technology mean that the pace of
 efficiency gains is likely to quicken over the next 20 years.
 8In BP’s Energy Outlook 2035, which looks at energy trends over the next 20 years or so,  the EU’s consumption of oil in 2035 is projected to be back down to levels last seen in the late 60s, even though EU GDP would have almost quadrupled over the same period.
 8The second factor is the huge growth in the supply of energy in the west,  particularly North America. Over the past 5 years, the US on its own has accounted for almost two-thirds of the increase in the global supplies of
 oil and natural gas. Added to that is the growth of Canadian oil sands. North America has become a major force amongst global energy suppliers.
 8US import  demand has more than halved over the past 8 years, and the US was overtaken by China as the world’s largest net oil importer in 2013. Looking ahead, we expect the US to become self-sufficient in energy by
 the early 2020s and in oil by the early 2030s
 8By 2035, China looks set to import  around three-quarters of the oil it consumes and India almost 90%.
 Click on Reports for more Details
Things are now getting a little complicated for the shale oil industry.
 8It seems quite likely that the scale of funding that enabled the US shale revolution to expand at the pace it did over the past 4 or 5 years would not  have been available had global interest rates not been close to zero, with central banks using large-scale quantitative easing to encourage investors to invest in riskier forms of assets.
 8Likewise, with the balance sheets of many shale producers now severely weakened by low oil prices, a key factor determining the supply of shale oil over the next few years will be the willingness of banks and creditors to
 continue to fund these businesses, especially as global interest rates begin to rise.
 8The emergence of US shale oil has altered the nature of global oil supply.
 8The production characteristics of shale oil should increase the price responsiveness of supply, dampening price volatility.
 8But the greater exposure of shale producers to the financial system means the oil market is more exposed to financial shocks.
 Click on Reports for more Details
Conventional logic tells us that supply curves are steep because oil production cannot adjust all that well to to price signals because of the huge gap between investment and output.
 8But this thinking has been broken by the shale gas revolution changes this in two fundamental ways.
 8First, the very nature of the operation in which the same rigs and the same  processes are used to drill many wells in similar locations means the time between a decision to drill a new well and oil being produced can be
 measured in weeks rather than years.
 8Second, the life of a shale oil well tends to be far shorter than that for a conventional well: its decline rate is far steeper.
 8These two characteristics – short production lags and high decline rates – mean there is a far closer correspondence between investment and  production. An important consequence of these characteristics is that the short-run responsiveness of shale oil to price changes will be far greater than that  for conventional oil.
 8As prices fall, investment and drilling activity will decline and production will soon follow.
 8But as prices recover, investment  and production can be increased relatively quickly.
 8The US shale revolution has, in effect, introduced a kink in the (short-run)  oil supply curve, which should act to dampen price volatility.
 8Equally important, the very high rates of decline of shale wells mean that  operating costs in the shale industry – ie the variable cost associated with  producing a barrel of oil – are a relatively high ratio of total costs. The high  decline rates mean, in effect, that shale operations have relatively low fixed costs. This high ratio of variable costs to total costs increases the short-run responsiveness of shale oil.
 Click on Reports for more Details
A US company and its Indian subsidiary has begun selling dual fuel kits -- where gas can replace diesel by up to 70% -- in pumps and compressors.
 8Such kits have been sold to ONGC recently for use in generation sets used for drilling rigs.
 8The demand for such kits have seen an increase since the dramatic fall in the price of gas.
 8The systen is such that if hydrogen enriched natural gas is used in place of natural gas, the displacement of diesel fuel could be as high as 80%.
 8The use of the natural gas will greatly reduce greenhouse gas  emissions and, in places where natural gas is cheaper than diesel, will also reduce fuel costs.
 8It has significant market potential particularly in the diesel powered generator set (“genset”) market.
 8Depending upon the size of the engine and the number of hours per day that it operates, payback times for  the conversions are mostly less than 12 months, so the cost is minimal compared to the replacement cost of a natural gas generator.
 8These dual feed kits can be used just for the agriculture sector but also for hospitals and buildings as well for industrial use.
 Click on Reports for more Details
ONGC is now asking potential customers to express their interest in buying the gas.
8Not everyone is going to be entitled to this gas. The entity has to any of the following
--A CGD company
--An LPG plant
--A gas based urea plant
--A power plant supplying to the grid
--Companies in the manufacture of steel or if it is a refinery or a petrochemical unit.
8So here again, priorities will apply
8Then again ONGC will supply gas on a "where is" basis and evacuation will be the headache of the buyer.
8In sellers market, buyers have no choice, it is clear.
Click on Reports for more Details
ONGC's CY-ONN-2002/2 field  in Puducherry is expected to being producing gas from 2016-
8Output in the initial two years is going to be low, at 14,000 and 39,000 cubic meters a day (CMD in 2016-17 and 20167-18.
8But then output goes up to 0.25 mmscmd in 2018-19 and then reaches 0.8 mmscmd in 2020-21.
8This is indeed a significant enough output.
8Production begins to come down thereafter, albeit slowly.
8Output comes down to around 0.64 mmscmd in 2027-28
8Gas production projection given for 2032-33 is 0.178 mmscmd.
Click on Reports for more Details
ONGC is planning to drill another 72 development wells in its Rajamundary asset located in Andhra Pradesh.
 8The initial cost of project is pegged at Rs. 792 crore.
 8Out of these 72 wells, 48 wells are proposed in the East Godavari district, 12 in the West Godavari district and another 12 wells in the Krishna district.
 8The wells will enhance oil and gas production from existing reservoirs by raising the recovery factor.
 8The locations are planned to be taken up for drilling are in the Godavari onland and West Godavari PML blocks.
 8The drilling activity will take up 2 to 3 months for each  well.
 Click on the Reports for more. Details
The Kolkata Port Trust is planning to set up a new cargo handling facility on the Hoogly river at the Haldia Dock Complex
 8The cost of the project is going to be Rs 279.90 crore.
 8The port serves as a gateway for big steel, oil, coal  imports and exports.
 8The new handling facilities will help bring down the detention time for ships.
 For those who are interested, the website carries here details in terms of:
 8Average pre-berthing detention
 8Turnaround time
 8Commodity wise traffic projection
 8Traffic potential
 Click on Reports for more Details
Vedanta has recently won the prestigious 2015 Frost & Sullivan Best Practices Award in the ‘Competitive Strategy and Innovation Leadership’ category.
 8The following points were emphasized during in the award citation:
 -- Cairn India's polymer injection in Mangala field in Rajasthan which is amongst the largest polymer flood EOR programmes anywhere in the world.
 -- The ccompany has the distinction of building the world’s longest continuously heated and insulated pipeline of around 700 kms to evacuate the crude from the Mangala field in Rajasthan.
 -- Latest international best exploration practices are used by the company in its E&P business.
 Click on the reports for more. Details
 The United Arab Emirates (UAE) and India, one of the world’s fastest-growing economies and a large petroleum importer, are looking to expand their total trade by a considerable 60 per cent over the next five years.
 8According to UAE official, it is looking to invest around $75 billion in India and establish an infrastructure investment fund to support India.
 8UAE has also put forward its intentions to help India fill its strategic petroleum reserves, which India has already started in Visakhapatnam, with a capacity of 9.75 million barrels.
 8India is also planning to commission two more sites later this year, taking the total capacity to 38.85 million barrels.
 8In order to scale up its petroleum reserves, in second stage India will be aiming to add another 91.63 million barrel to its strategic petroleum reserves.
 8In the last financial year, India imported 320,000 barrel per day of crude oil which is 8.5 per cent of India’s total imports.
 8The relation between India and UAE is likely to get stronger in the years ahead.
Click on the our Reports section for more. Details
Shale oil production in the United States is forecast to fall again in October, making it the sixth month in a row that output will have declined.
 8Figures from the US Energy Information Administration( EIA ) shows that total production in October is slated to amount to 5.21 million barrels/day, a drop of some 80,000 b/d from the 5.29m b/d expected to be recorded for September.
 8Shale oil output in the US has increased strongly in recent years, backed by higher crude oil prices.
 8But with the price of crude more than halving since the summer of 2014, shale oil operations have begun to suffer as their high-cost operations become less viable.
 8In a recent report, it has been stated that non-OPEC oil supply in 2015 is now expected to grow by a lesser 880,000 b/d, following a downward revision of around 72,000b/d, due to lower-than-expected output in the US.
 8In North America, there are signs that US production has started to respond to reduced investment and activity.
 8The EIA noted that the drop in US shale oil production in October will be more or less the same as in September, compared with August figures.
 8Looking at a breakdown of the shale oil operations, the EIA noted that production from the Eagle Ford concession was forecast to drop for a seventh consecutive month in October to 1.42m b/d, a decline of 62,000 b/d.
 8Meanwhile, at the Bakken play in North Dakota, the report disclosed that output in October was expected at 1.18m b/d, a decline of 21,000 b/d from September.
 8The EIA figures also pointed to a decline in natural gas production from the main shale concessions.
 8Total output was expected to drop to 44.8 billion cubic feet per day in October, a loss of 208m cu ft/d from September.
 8The lower production figures have had a knock-on effect regarding the performances of the companies involved.
 8Moreover ten of the largest independent oil and gas producers in the US reported total losses of almost $15bn between April and June, compared with profits of almost $3.5bn a year earlier.
 Click on the Reports for more. Details
 ONGC had recently obtained environment clearance for the development drilling of 40 wells in the same Rajamundary asset.
 8Well wise distribution is as follows:
 -- At Kaikaluru in Krishna district- 5 development wells
 -- At Penugonda in West Godavari district- 13
 -- At Mandapeta in East Godavari district - 22 
  Click on the details for more Details
Drilling operations will be carried out using an electrical type drilling rigs owned by ONGC.
  8Each rig will be provided with solids handling system comprising of the following:
  -- Shale shakers ( 200 GPM),
  -- Desander (1200 GPM)
  -- Desilter (1200 GPM)
  -- Degasser with vacuum pump
  8The quantity of drill cuttings generated will be around 225 m3 .for each well
  8The quantity of wastewater produced will be about 15-20 m3/day.
  8The power requirement of each drilling rig will be met by using the six diesel generator sets with a diesel consumption of about 3-4 Kl/day.
  8The available water will be used to prepare the drilling mud .The daily water consumption will be 25 m3/d of which 15 m3/d will be used for mud preparation and 10 m3/d will be used for domestic purposes.
  Click on the Reports for more. Details
In this context, the recovery of money from the RIL-led consortium is not going to be an easy job.
 8To begin with, even if a certification is obtained from DeGolyer and MacNaughton (D&M), the RIL consortium, even though it is a party to the joint study, is likely to contest it hotly.
 8Legal measures are also likely to be taken to halt any recovery.
 8What are the options available to ONGC or the government to recover the amount? Very little indeed as of now.
 8A sharing of revenue from what is left of the gas in the D-6 block cannot be an option because the consortium will just stop producing gas if it becomes uneconomical to do so.
 8The other way out is to do a recovery from the consortium's income streams to fertilizer companies and CGD outfits.
 8While theoretically this is possible with respect to fertilizer companies, given that it is the government that dispenses subsidy to the industry, and GAIL is the pooled pricing operator, in practice is going to be a highly complicated job.
 8Since capital recovery is already taking place, it is not possible to call for another recovery from the price of gas that is dispensed to the RIL led consortium at present.
 8Both ONGC and the government will eventually have to make a demand on RIL and the consortium to return the money but how feasible it is going to be to extract that kind kind of money from RIL remains to be seen. Details
Production from the D-6 field seems to be in terminal decline.
 8Output from the D-1, D-3 and the MA field is down 16% in the quarter ending June, 2015 at 420 million cubic metric feet equivalent (MMCFE/d) or 12.6 mmscmd equivalent (mmscmde/d) per day from 500 MMCFE/d or 15 mmscmde/d over the corresponding period in the previous year.
 8The Q-2 data is not available but by all indications the decline is continuing.
 8Clearly the BP-RIL's attempts to revive production through sidetracking of some of the wells which have been shut down due to high water and sand ingress do not seem to be showing results.
 8A glaring example of failure is the MA-5H sidetrack well, which was brought on-stream in March 2015 abut has to be shut-in due to sand production from the well.
 8Hope on arresting the decline now depends on the B1 substitute well and A1 sidetrack well in D1-D3 fields which were successfully completed during the first quarter, 2015-16 and were brought on-stream in August 2015.
 8Another well, B-6, has been restarted and hopefully it will continue to pump gas to supplement production.
 8But the point to note is that declining gas prices, an inflexible policy regime and the likely demand for Rs 9000 crore as compensation for the gas taken from the ONGC block, has killed the spirit of the consortium.
 8They seem no longer interested in reviving output in the block anymore.
 8The inexorable decline in output, even if arrested temporarily by efforts made earlier, will continue to gain momentum again going ahead.
 Click on our Details for more Details
The DOF has claimed that it can provide guarantee of the continuation of the current urea investment policy only until 2019 (the NIP 2012 as amended) and not beyond that.
 8This clarification came subsequent to a pre-bid meeting that took place with respect to the 1.27 MMTPA Gorakhpur fertilizer plant. There was apprehension that the policy formulation may change since the deadline for commissioning of the plant can be later than 2019.
 8There is no assurance that gas will necessarily flow from domestic sources, though it is stated that natural gas from ONGC's Daman block will be supplied to the project.
 8All that the government is willing to say just now is that gas at pooled price will be made available to the fertilizer plant when it is commissioned.
 8There is also not assurance of compensation for the unit in case the Jagdishpur-Haldia pipeline is delauyed except to say that an Empowered Committee has been mandated to ensure that the pipeline will come up on time.
 8No additional tax benefit from what is already available will be given (at both Central and State level) this project.
 Click on Reports for more Details
ONGC has claimed that gas will flow from the Daman block from July, 2016.
 8Drilling of the wells will begin from April, 2016.
 8An investment of Rs 5219 crore has been sanctioned for what is called the Tapti-Daman block in the Western Offshore area that will also involve additional development of the C-24 filed and monetization of the B-12 marginal fields (made up of B-12-11, B-12-13 and B12-15 fields).
 8The offshore engineering part of the project will be completed in two phases. The first phase will be made up of two new well head platforms, one riser platform, modifications the existing Rise Platform and the Tapti Process Platform. The second phase involving construction of  five new wellhead platforms will be completed by March, 2017
 8The average estimated gas production is going to be 1.11 mmscmd in 2016-17, going up to 5.51 mmcmd in 2017-18 and then going up to 9 and 8.35 mmscmd in 2019-20 and 2020-21 before declining steadily to around 5 mmscmd in 2025-26.
 8ONGC claims that the Daman investment activity is going as per schedule and gas will indeed be delivered by 2016
 8Drilling rigs have been identified and their deployment is now being worked out.
 Click on Reports for more  Details
 India has seen a net $380 billion FDI inflow from April, 2000 to June, 2015.
  8About 17% of this money is in equity inflows, which is hot money really.
 Sectors such as construction, computer software and hardware, telecommunication, automobiles make up 9%, 7%, 7%, and 5% respectively of the total FDI kitty..
  8Other sectors like drugs and pharmaceuticals has seen an investment flow that makes up 5% of the total FDI into country whereas chemicals, power, trading witnessed 4% FDI inflow each.
  8The flow of FDI in India from across the world has helped access funds at cheaper cost and acquire best in class technology, besides boosting employment generation.
   8For reference purposes, the website carries here a detailed note on FDI in India and its implications.
  Click on the Reports for more. Details
There is an interesting theory being propagated by a paper that says that crude oil prices may scale the $100/bbl mark by Christmas.
 8This is because of the ongoing quantitative easing of money supply an the US Fed's refusal to raise interest rate.
 8Since money is cheap, and it does not make sense to part it in a bank, easy money may get invested in commodities and speculators may decide to bet on crude prices going up.
 8This may oil might well surge back to $100 a barrel, along with a concommitant recovery in petrochemicals prices and other commodities, such as iron ore.
 Click on Reports for more on this Details
Cairn India is looking for a pipeline repair contractor for its crude pipeline that runs from its block at Barmer, Rajasthan tothe coastal terminal facility in Gujarat.
 8The pipeline network is made up a main 24” underground and continuously heated insulated crude pipeline running through a length of 670 km along with 24” and 10” spur-lines, an an 8” Gas (fuel) pipeline.
 8The transportation facility of pipeline is approx. 1,75,000 barrels of crude oil per day
 8The brief scope of work under the repair contract of pipeline is as follows:
 8Attend any emergency or planned repairs on the pipelines through weld repair sleeve and leak repair clamp
 8Supply of specialized hot tapping and stopple equipment on hire or callout basis, complete with all accessories suitable for 24”, 10” & 8” pipeline.
 8Supply of specialized manpower on call out basis for carrying out repair Jobs  and that includes hot tap specialist, welders, fitters, NDT inspectors etc.
 8Supply of general equipment on call out basis for carrying out repair Jobs- tools/ tackles, welding machines etc.
 Click on Report for more details Details
Aegis Group has moved one step further in achieving its goal of making a necklace of LPG and other liquid product terminals around the coast line.
8The group got an additional 15 acres of land at Kandla Port to build a Storage Terminal in addition to existing 5 acres of land already allotted in April 2015.
8With this, the aggregate land allotted at Kandla port has reached 20 acres. .
8This allotment will help Ageis to continue to strengthen its presence in Gujarat.
8The company is planning to build a terminal with a capacity of 100,000 KL at Kandla port
8A strong presence at Kandla Port is important for Ageis as the port handles approximately 29% of the POL traffic at major ports last year.
8Kandla is India’s busiest major port located on the Gulf of Kutch and has handled 92 million tonnes of cargo traffic including 55.598 million tons of POL traffic in 2014-15
 Click on the Reports for more Details
The RIL-BP combine had at one point last year promised to get its gas output up to 50 mmscmd in the next 4 to 5 years from its current level of around 10 to 11 mmscmd of gas. 
 8But for that to happen, the deepwater discoveries in the combine`s D-6 and NEC- 25 blocks will have to go on stream.
 8The condition however was that the discoveries can only be brought on stream if the price of gas is $10/mmbtu or more.
 8But because of falling prices of equipment and services, that price has now come down to around $7/mmbtu, still much higher than the price it can elicit from the governmet.
 8The group had claimed that there is still a massive quantity of gas -- between 5 to 7 TCF -- in the deepwater and ultra deepwaters of its E&P blocks.
 8The first of the projects lined up was the D-34 cluster of discoveries, which contains 1.2 TCF of gas, and first gas was expected by 2018. This development would have entailed an investment of $ 4 billion.
 8Those figures are now not being talked abiout.
 8It looks like it is the end of the road for the RIL consortium's deepwater foray in India.
 8At least for the next two years, unless there are some dramatic change in the policy and pricing environment.
 Click on Details for a comprehensive analysis of the cost economics of gas production in India. Details
RIL plans to sell the following equipment lying in stock at its Kakinanda complex:
8Casings & Accessories
8Cementing Equipment
8Chemicals
8Drill Bits
8Other Consumables
8Pipes
8Sand Control Equipment
8Surface Production Inventory
8Wellhead & Accessories
Click on Reports for more Details
Looks like the RIL led consortium has decided to drop plans for any further exploration related activity in the D-6 block.
8The company had earlier accumulated stocks of  equipment in the fond hope of furthering its E&P work, both to sidetrack existing D-6 wells and production work to get its discoveries going.
8But clearly all these plans have been shelved.
8It does not make sense to get into production mode for its discoveries because at the current price of gas, it does not make economic sense.
8Assuming that the price of equipment and services have fallen, breakeven costs will still be higher than the current price or the likely price in the next one year or more.
8According to RIL sources, the current break even price for discoveries is around $7/mmbtu.
8This price is way too high compared to the current gas price.
8A premium on the price was expected for deepwater discoveries from the government but that too has also been kept in cold storage.
8Then again it is not known whether the premium will be available for RIL's discoveries or not as the cut off point for being eligible for the premium excludes these discoveries as of now.
8On top of all this, there is likely to be a demand for around Rs 8000 to Rs 9000 crore for gas that has been taken from the adjacent ONGC block.
8All of this makes the D-6 block a losing proposition for its owners.
Click on Reports for more Details
Earlier the government would merely order the public sector companies buying the oil or gas from an private E&P operator to deposit the billed amount to the exchequer instead of paying the concerned operator.
 8But this is a modus operandi that the government cannot employ against the RIL combine on account of the fact that neither gas nor crude oil is sold to oil PSUs from the D-6 block.
 8The only public sector company that was buying crude from RIL was CPCL however that changed too in June, 2014.
 8CPCLwas buying crude from the D-6 block on a spot contract basis since since November 2008.
 8But suddenly, RIL issued fresh tenders to all oil refining companies in India (including, IOC, CPCL, HPCL, BPCL, MRPL, Essar Oil Ltd. and the refinery division of RIL) for sale of spot cargoes on ex-FPSO Dhirubhai-1 basis, located at the D-26 (MA) field for the period April 2014-March 2015. The bidders were asked to quote as per the formula which provided "D"` as a biddable element which cannot be negative. CPCL and RIL`s refinery division quoted zero for the biddable `D` but CPCL`s bid was conditional, eventually resulting in a $3 to 4/bbl lower price.
 8RIL then entered into a COSA with the Jamnagar refinery. 
 8CPCL subsequently sent an SOS to the ministry claiming that its Cauvery Basin Refinery had been processing KG D6 crude oil since March 2009 and a COSA was entered into for each parcel of KG D6 crude. One of the conditions in the COSA agreed by both parties was that a letter of credit was not applicable.
 8But RIL said that the JV -- that included BP and Niko -- had taken a subsequent decision to seek either advance payment or Letter of Credit for all sale. 
 8RIL then went ahead and floated a tender, requiring a letter of credit facility for the sale of the crude, Clearly, the company wanted to protect itself from any recovery that the government may undertake for additional profit petroleum arising from the disallowance of capital cost. 
 8CPCL had at that point claimed that it was necessary for the refiner to mix the crude it received from the Narimanam field of ONGC with KG D6 crude as Narimanam crude alone could not produce BS-III specifications HSD. Details
Assuming that it has been established that RIl has to pay between Rs 8000 to Rs 9000 crore to ONGC for gas purportedly extracted gas from the adjacent KG-DWN-98/2, how does the government go about extracting the money from from the private sector giant?
 8This remains a billion dollar question.
 8Already the government is finding it difficult to extract extra capital cost recovery from RIL.  Gas price over  $4.2/mmbtu (when the cost of domestic gas was higher than this level) was denied to the RIL-BP-Niko combine pending a decision on the arbitration proceedings on whether the consortium can be forced to cough up the gold plated capital cost or not.
 8Now that the price of gas hovers just around the $4.2/mmbtu mark, how will the government initiate the recovery process for the extra gas extracted from the ONGC block?
 8Already the government is having to mop up the additional profit petroleum that accrues to the RIL consortium from the cost recovery of $2.375 billion imposed by the government.  
 8Over and above that to extract an extra Rs 8000 to Rs 9000 crore from the consortium in a situation where gas production continues to dwindle in the KG-DWN-98/3, commonly known as KG-D6, is not going to be that simple at all.
 8According to the findings of D&M, around 59.5 BCM of gas have been extracted by RIL from the D-6 block. Of this, around 9 BCM flowed out from the adjacent KG-DWN-98/2 block, which belong to ONGC. The reserves in the D-1 and D-3 fields of the D6 block total 2.9 trillion cubic feet, of which 2.1 trillion cubic feet has already been extracted.
 8Joint development of the D-6 block is an option but now that the bulk of the gas has been extracted, such a plan will be quite fruitless. Details
In Rajasthan, Cairn's much anticipated MangalaEnhanced Oil Recovery (EOR) scheme, will see a polymber injection ramp up, is on track and work on the drilling and surface facilities are currently going on
 8In order to ramp up production from its Mangala field in the Barmer block, Cairn has raised the quantity of polymer solution injection in the reservoir from 25,000 barrels to 80,000 barrels per day during Q1, FY16.
8New wells are being drilled and existing wells are being converted to EOR producers.
 8Along with this, modifications at the Mangala Process Terminal (MPT) are being carried out to process the incremental crude post polymer breakthrough.
8Cairn India had resorted to polymer injection in the Mangala field as part of its most ambitious EOR scheme ever attempted.
8The company will spent a whopping $566 million into the EOR project that involves use of polymer flooding techniques to maintian production levels at the Mangla field.
8As the Mangala reservoir oil is highly viscous (~20 cp), there is an adverse mobility ratio between the displacing fluid (water) and the displaced fluid (oil).
 8 In such a situation, polymer helps in controlling the mobility by increasing the viscosity of water for better sweeping of oil in the reservoir.
8The EOR project is expected to improve oil recovery to 32.1% of the Stock Tank Oil Initially In-Place (STOIIP) and yield an incremental production of 70 million barrels by the end of the PSC, that is, by May 2020.
 8Moreover, Gross production from DA (Development Area) -1 and DA-2  also averaged at 147,443 boepd and 20,683 boepd, respectively.
 Click on the Reports for more. Details
GE has a large presence in the oil and gas industry in India.
8Its gas compressors are second to none, and in this context, GE’s tie-up with a programme that provides professionals working with gas compressors with increased local expert service support for GE’s compression equipment from participating packagers.
8The programme will enhance access to GE’s full portfolio of high-speed reciprocating (HSR) and Ajax™ integral compression products and services.
8Houston-based manufacturing specialist AFGlobal has signed an agreement to become the first program participant.
The new program offers compression customers the combined strength of GE’s premium gas compression systems with the packaging and service expertise of participants, like AFGlobal, whose field technicians are trained by GE as part of the program.
Click on Deatils for more.
 Details
IOCL has struck a strategic partnership with French IT services company Atos to automate its 1,745 petrol stations across India.
 8IOCL will automate its entire distribution chain, terminal and depot facilities to increase efficiency through quick fill-in and avoid long queues with liquid stock management throughout the retail supply chain to ensure sufficient fuel is available at all fuel stations.
 8The agreement encompasses complete solution design, equipment supply, and installation at 1,745 IOCL retail fuel stations in 12 Indian states and extended service and support for five years. Atos will complete the implementation by December 2015.
 8Out of the 24, 405 IndianOil petrol stations, 8,800 have already been automated. The oil firm plans to automate 10,000 petrol stations by the end of this fiscal year.
 I8OCL’s initiative to partner with ATOS will enhance the operational efficiency by controlling any distribution losses and improve data interpretation and analytics to steer the performance and efficiency across the IOCL distribution network.
 Click on details for more. Details
Gujarat State Petroleum Corporation Ltd. (GSPC) has planned to conduct a public hearing on the proposed modification of its Early Production Station ( EPS ) in Tarapur, Gujarat on 30th Oct, 2015.
 8The project is being undertaken to increase the overall production of the field by connecting additional wells to the existing Tarapur EPS.
8Hence, the facility is required to be modified for managing the additional production from the new wells.
8Currently only three wells are connected to the station, after modification additional 12 wells will be connected.
8After the proposed modification a total of 4 separators will be installed, each will be handling 1500 bopd of oil and 2000 meter per cube per hour of gas in the station.
Click on the Reports for more. Details
As the demand for Residual Fuel OIl declines in global market, a lot is expected to change in the way refineries.
 8Refineries will have to upgrade and convert residual material to lighter, cleaner products. And that is going to cost money.
 8Health and environmental concerns related to the high sulfur content in RFO have led to new policies and regulations that have significantly lowered expectations for future RFO use.
 8RFO contains a large amount of contaminants, including sulfur, nitrogen, and heavy metals. Because of its high viscosity, RFO is either blended with lighter streams or heated to ensure that it can be pumped.
8Throughout the world, RFO is used in many sectors, including marine transportation, power generation, commercial furnaces and boilers, and various industrial processes.
 8RFO plays an important role in the global liquids fuel market, as its price is normally below that of other liquid fuels.
8Large reductions in RFO demand will likely come from decreased use of RFO for power generation and space heating.
 8In the power sector, the cost of pollution control, maintenance, and RFO heating often offset the lower cost of RFO when compared to natural gas and other more expensive fuels.
 8Consequently, power sector demand for RFO, especially in industrialized countries, is expected to decrease.
 8However, RFO will serve as a transitional fuel in the power sector of developing countries such as India that may be more sensitive to price and less sensitive to environmental and health implications.
8Some marine transportation operators are considering the use of LNG as an alternate fuel for ships operating along routes where LNG is available.
Click on details for more. Details
While its Cambay and Ravva fields turned in a stellar performance in Q-2, 2015-16, the overall average gross production for H1 FY2016 stood at 207,538 boepd, which is just a 1% year-on-year rise.
 8So that wasn't really much of an increase but Cairn claims that it is in line with estimates
 8The half yearly performance was much lower on a YoY basis in Rajasthan and Cambay.
 8 In Rajasthan, H-1 YoY output went down 2% (though Q2 output showed a 3% jump to 168,126 boepd, primarily driven by better inline reservoir performance in the Mangala field in Rahasthan), while Cambay went down by 6%.
 8The total gross output in H-1 went up solely on account of a sharp 23% jump in production posed by the Ravva field.
 8So is the Rajasthan block going to show a static or declining performance going ahead.
 8Not so, says Cairn. This is on account of the fact that the polymer flooding exercise in its Rajasthan fields have only just began.
 Click on Reports for more Details
Oil prices may have come down dramatically but Cairn India pumped more crude from its assets in India than before in Q2 2015-16
8The company's two offshore assets -- Ravva and Cambay -- registered a gross average production of 37,236 boepd, an increase of 19% on year on year basis.
8Production at Ravva grew 27% to 26,064 boepd in Q2 on YoY basis due to consistently higher gas production, effective infill drilling campaign and prudent reservoir management.
8As a first in India, Cairn India deployed Time Lapse (4D) seismic technology to conduct an OBC (Ocean Bottom Cable) seismic survey at Ravva.
8A subsequently infill drilling campaign planned using 4D seismics successfully arrested production decline and extended the life of the field by identifying areas of un-drained and by-passed oil.
8Oil production was beyond 30,000 bopd in March 2015 after a gap of almost three and half years, a remarkable turnaround for a mature asset. Some of the production was also contributed by the RE-6 exploration well.
8Cambay too saw a production growth of 5% in Q2 on YoY basis, driven by effective reservoir management practices including well intervention campaign undertaken in the last quarter.
8Though the field is in natural decline, a successful well intervention campaign carried out during the quarter helped improve the production from the operating wells, thereby arresting the decline rate.
8Cambay's gross Q1 average production stood at 8,958 boepd as compared to Q2 production of 10,765 boepd. 
Click on Reports for more Details
Gas production from the Raageshwari Deep Gas (RDG) field in Cairn's flagship block in Q2 FY2016 increased to an average rate of 30 mmscfd from 19 mmscfd in Q1FY16, going on to record a peak production of 34 mmscfd.
 8During FY2015, gas production from the RDG field was 16 mmscfd and company feels that it has a potential to reach 100 mmscfd in the near future.
 8The increase in production is largely on account of optimization of existing infrastructure.
 8Then again, a new well in the Raageshwari Deep Main area was fracced and tested.  A zone in the Felsic reservoir in this well produced oil at the average rate of 135 bopd and so was gas at the rate of 90 mmscfd.
 8This is a new zone, about 300m deeper than the earlier established gas bearing reservoir in the Raageshwari Deep Main field. Two more zones were tested in this well in Q2, FY16.
 Click on Reports for more Details
The pumping of huge volumes of Partially Hydrolysed Polyacrylamide Polymer (PAM) into the Mangla field has its adverse environmental and health implications.
 8Acrylamide is absorbed by animals and humans via ingestion or inhalation or through the skin. Extensive efforts have been made to assess human exposure to acrylamide by monitoring several metabolites excreted in the urine as well as products resulting from biological alkylations by acrylamide, and the results are not good.
 8On the basis of numerous studies, the International Agency for Research on Cancer has classified acrylamide as “carcinogenic to humans”
 8Then again, workers exposed to acrylamide exhibited symptoms of peripheral neuropathy, suggesting that the compound is a human neurotoxin.
 8Feeding water solutions of acrylamide (50-200 ppm) to female and male rats prior to breeding and through the gestation and lactation period (up to 10 weeks) produced disruptions in mating, interference with sperm ejaculation, depression in body weight gain and food intake, and depression in pup body weight at birth and weight gain during lactation.
 Click on Reports for more Details
Cairn India is pumping in a huge quantum of cancer-causing chemicals into the Rajasthan geological structures where these chemicals are capable of getting into the ground water system and spread its contamination around.
 8While such EOR schemes are common around the world, it is not known what kind of monitoring mechanism is in place to ensure that it does not do damage to the ecology of the region.
 8Is there adequate monitoring done by the MOEF and the state government?
 8hen again, are workers, geologists and engineers working in the Mangla field, who are exposed to such high volumes of PAM, being adequately equipped with protective gear?
 8Who sets these standards for protection of employees? Or are standards really in place? If they are in place, is the monitoring system water tight?
 8These questions are expected to answered loudly and clearly by the Cairn management or otherwise the dangers are immediate and acute of exposure to such high volumes of PAM.
 Click on Reports for more Details
 India’s stand articulated by petroleum minister Dharmendra Pradhan at Opec’s sixth international seminar in Vienna, where he said countries like India should receive a concession rather than having to pay the so-called Asian premium is now getting a positive response.
 8Saudi  Aramco has recently announced a reduction in its official selling price for medium-grade crude to Asia from next month at a discount of $3.20 a barrel below the regional benchmark, compared with a $1.30 discount for October sales.
 8The decision is in sync with subdued international energy prices and producing countries seeking buyers as their respective economies are heavily dependent on exports for revenues.
 8Moreover country like India having an import bill of around $150 billion which is expected to balloon to $300 billion by 2030 will always turn out to be boon for oil exporting countries.
 8Another world largest publicly traded company, Rosneff echoed same tone last month where it disclosed that its production is being directed towards Asian markets such as India and China due to good compensations and the growth opportunities offered here.
 Click on details for more. Details
Cairn India Ltd has taking steps to ensure that there is no environmental damage along its crude pipeline. Spillage is usually limited in an online pipeline where the monitoring  system is based on real time data.
8Nevertheless, the company is now seeking to enter into a Oil Spill Response (OSR) contract for any Tier-1 spillage along the pipeline.
8The contractor will have to ensure that any leakage of crude oil along the pipeline and attendant facilities, in the event of an incident, is immediately responded to and contained in a safe and reliable manner with minimal environment impact.
8The contractor will have to provide fixed services in terms of supplying man power, equipment, consumables and logistics support to handle Tier -1 Oil spill for onshore pipeline operations for duration of three years.
8Cairn India Ltd is the operator of the block RJ-ON-90/1in India, and operates the block on behalf of itself and its Joint Venture (JV) partners Cairn Energy Hydrocarbons Limited and Oil and Natural Gas Corporation (ONGC).
8The Block contains a number of major oil discoveries, including the Mangala field, the largest onshore oil discovery in India since 1985.
8CIL and its JV partners have approval from Government of India for a pipeline to transport crude oil from the Block at Barmer, Rajasthan to a coastal terminal facility in Gujarat.
Click on Reports for more Details
 < 1 2 3 4 5 > 

Showing 101–150 of 220 items