Last Updated :
10 August 2008 at 10:00 IST
Augmenting Oil & Gas Production
As of now, 23 CBM Blocks were awarded through competitive international bidding in first three rounds of CBM policy, under which blocks are being operated by technically competent companies. 2 blocks were awarded on nomination basis and one block through FIPB route. Thus a total of 26 CBM exploration blocks are under operation. So far, 6 Trillion Cubic Feet (TCF) reserves have already been established in 4 CBM blocks. First commercial production of CBM has commenced from July 2007.
Underground Coal Gassification ONGC entered into an Agreement of Collaboration (AOC-MOU) with National Mining Research Centre-Skochinsky Institute of Mining (NMRC-SIM), Russia. In the selected Vastan mine block, ONGC carried out seismic survey was carried out and 18 boreholes were drilled for detailed UCG site characterization. Based on geological hydrological and geo-mechanical data analysis, Vastan in Gujarat and Hodu Sindri in Rajasthan have been found suitable for UCG station. Pilot production of Underground Coal Gasification (UCG) at Vastan by ONGC would commence in 2009-10.
Gas Hydrates Gas hydrates, generally found in deep sea, are basically methane molecules trapped in ice. At present, there is no commercial production of gas hydrates in any part of the world and the technology is only at research and development stage. The Ministry of Petroleum and
Natural Gas has a roadmap regarding exploration of gas hydrates, which is under implementation. Prioritization of areas of operations have since been made and a road map for National Gas Hydrate Programme (NGHP) has been prepared.
The Directorate of Hydrocarbons is the nodal agency. In accordance with the R&D efforts, the drill ship “JOIDES Resolution” has collected good quality gas hydrates samples in the sedimentary basins in India. Results from the second site in KG basin are particularly remarkable. These have shown the presence of a 128 m thick gas hydrate layer indicating massive to dispersed gas hydrates. The gas hydrate samples were physically collected for the first time in India, which is the third country in the world after USA and Japan to do so in its deep waters. The resource estimation of gas hydrates is in progress.
Achievements In E&P Sector
The achievements made in exploration and production during the last four years are --
• 121 oil and gas discoveries have been made from 2004-05 to 2007-08 in various States, Shallow water and Deepwater areas in Eastern & Western offshore. In the financial year, 2007-08, 48 oil and gas discoveries have been made.
• The position of balance recoverable reserves was of the order of 1573 MMTOE in 2003-04, which has increased to a level of 1843 MMTOE, maintaining positive reserve replacement ratio in last 4 years.
• Overseas oil and gas production in 2003-04 was of the order of 3.86 MMTOE which has doubled in the last 4 years and reached a level of 8.76 MMTOE in 2007-08.
• ONGC Videsh Limited and other PSUs have a presence in 22 countries world wide as against 7 countries in 2003-04.
• First CBM gas production in India started from July 2007 from a CBM block in West Bengal.
• During X plan period,
Crude Oil production was about 33 MMT per annum. Projection of average crude oil production during XI plan period (2007-12) has been targeted at 41.35 MMT per annum, which is 24% higher than X plan actual.
• First
Natural Gas production of 40 MMSCMD from deepwater areas is likely to commence in 3rd quarter of 2008.
• Under NELP, Government has awarded 72 exploration blocks in the last 4 years which has increased area under exploration by 30%. In the seventh round, 57 exploration blocks were offered, out of which, 45 exploration blocks are likely to be awarded. (PIB Features)
Inputs from the Ministry of Petroleum & Natural Gas
MCX Mentha Oil 29 February 2012
contract was trading at
Rs 1306.9 , up Rs. 10.1 . What's your view on it?
After reading this article, people also read: