Business Daily from THE HINDU group of publications
Friday, Dec 07, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 07, 2007 ePaper | Mobile/PDA Version |
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Corporate
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Announcements Industry & Economy - Petroleum
Our Bureau New Delhi, Dec. 6 ONGC plans to shutdown two key facilities at its gas field off the Mumbai shore. Sources said, “There is a proposal to shut down two production facilities at the Bassein field early next year (January-February 2008).” The company plans to shutdown the two complexes to hook up new facilities. ONGC proposes to shutdown BPB process complex for 25 days (January 1-25, 2008) and BPA complex for 15 days (February 14-28) as it needs to hook up the South Bassein field and the Vasai East field to the production system. This shutdown is likely to impact the natural gas availability from 42 million standard cubic meters per day (mmscmd) to about 29 mmscmd.ONGC has invested Rs 2,937 crore in additional development of the South Bassein field and Rs 1,688 crore in the Vasai East field. Output reductionThe shutdown of BPB facility would reduce gas output by 13.5 mmscmd and the 15-day shutdown of the BPA facility would cut production by 11 mmscmd. With implementation of this project, additional 20.53 billion cubic metre gas and 1.974 million tonnes additional condensate would accrue. More Stories on : Announcements | Petroleum | Oil & Natural Gas Corporation Ltd
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