• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata , July 10

ONGC is expecting a marginal increase in on-shore crude oil production, from 8.1 million tonnes in 2005-06 to 8.33 million tonnes in 2006-07.

On shore natural gas production is expected to remain same at 5.5 billion cubic metres.

As part of its bid to increase productivity of the Assam asset and improve recovery at the ageing Mehsana field, ONGC recently awarded a Rs 135-crore contract to Well Flow Drilling Services, US.

Of the total amount, Rs 80 crore will be spent in Assam to drill 15 ultra-short drill-hole wells.

The balance Rs 55 crore will be spent on the Improved Oil Recovery (IOR) project in Mehsana.

In Tripura, where ONGC has taken up a 740-mw mega watt gas-based power project to utilise the idle gas reserves there, production will be stepped up by 2.8 million standard cubic metres per day (MMSCMD) in 2008-09.

The company has already commissioned projects to increase capacity of the gas collection centres (GCC) at Baramura and Agartala Dome. A new GCC will be set up at Sonamura. Studies for setting up pipeline network connecting different fields have already been completed.

And to drill new development wells at Tripura, the company has already ordered re-deployment of one rig from Assam. Preparation is underway to procure two more onshore rigs.

While the company has already been allocated land for the power project, the acquisition of lands will be completed this month.

ONGC recently sought the co-operation of the Nagaland Government to resume oil exploration in the State.

Related Stories:
ONGC to intensify drilling in AP
ONGC to revamp facilities in Assam
ONGC roadshow: 26 firms respond

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

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Provident fund computerisation by '08

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line