Financial Daily from THE HINDU group of publications
Wednesday, May 17, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 17, 2006 |
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Industry & Economy
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Petroleum Cairn fields' oil output estimated at 112,000 barrels Our Bureau
New Delhi , May 16 The Minister of State for Petroleum and Natural Gas, Mr Dinsha Patel, on Tuesday said that as per the field development plan submitted by Cairn Energy India Pty Ltd for its oil field in Barmer, Rajasthan, the peak oil production from the field is envisaged at about 112,000 barrels per day (BPD) and gas production at 19 million standard cubic feet (MMSCMD) per day. Informing the Rajya Sabha, the Minister said the commercial production from Barmer basin is likely to start by end-2008. Cairn Energy has submitted field development plan in respect of four commercial discoveries — Mangala, Aishariya, Saraswati and Raageshwari. The field development plan is yet to be approved, he said. In block RJ-ON-90/1 Cairn is the operator.
ONGC signs agreement
Oil and Natural Gas Corporation Ltd (ONGC) would sell 1.5 MMSCMD from Panna, Mukta and Tapti joint venture fields to Rajasthan Rajya Vidyut Utpadan Nigam Ltd for the Dhoalpur Combined Cycle Power Project at $4.60 per million British thermal unit ex-Hazira including royalty but excluding sales tax, transportation charges and all other levies, Mr Patel informed the Rajya Sabha.
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