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Our Bureau

New Delhi, July 31

ONGC has drawn up a plan to set up an integrated offshore supply base-cum-processing unit and onshore terminal on East Coast to expedite development of its oil and gas finds from the Krishna Godavari Basin.

The investment for developing all the offshore fields and onshore terminals in the area would be around $ 3 billion (over Rs 12,000 crore), ONGC said in a statement issued here on Thursday.

The company plans to set up an integrated offshore supply base near Kona coast in East Godavari District of Andhra Pradesh. Plans are also in hand for an onshore terminal at Odalarevu/Boppavaram, to receive and process natural gas from the deepwater finds at Vashista and S-1 fields, expected to be around 6 million metric standard cubic metres per day (MMSCMD) in phase II, the statement said.

The gas production in phase I is expected to be around 2 MMSCMD from G-1, GS-15 fields and phase III development envisages -- development of G-4, GS-29 and NELP Block KG-DWN-98/2 -- which shall contribute around 26-31 MMSCMD, it added.

ONGC has struck oil and gas in its offshore exploration programme in Krishna-Godavari basin and it has an aggressive drilling plan which is firm at least for the next five years. Recently, ONGC top management team met senior officials of the Andhra Government for allotment of 500 acres of land, for the supply base-cum-processing unit at Kona. The State Government officials have assured full support in priority allotment of the required land, the statement said.

Apart from housing bonded warehouse for stocking duty-free materials for offshore, the supply base complex will also have a pipe yard, bulk handling facilities, captive jetty to berth offshore supply vessels, heli-base, laboratories, workshop and Office-cum-communication centre.

A reputed international consultant is being appointed to finalise development of this integrated supply base, the statement said.

The planned onshore terminal near Kona coast (in a land area of 2500 acres), apart from processing gas from Vashista and S-1, will also cater to produce from other hydrocarbon bearing structures like GS-29, G-4, Annapurna, Kanakadurga, which would be developed in the next phase.

More Stories on : Outlook | Petroleum | Oil & Natural Gas Corporation Ltd

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