News

ONGC’s Kakinada asset to boost gas production

CH R S Sarma Visakhapatnam | Updated on January 08, 2018 Published on January 07, 2018

ONGC’s eastern offshore asset based at Kakinada is enhancing its gas production substantially from February and is in a position to offer gas to more user industries, according to Executive Director and Asset Manager Alok Nandan.

Nandan was speaking here on Saturday after participating in a customers’ meet. He said the asset, at present producing one million cubic meters daily, would hike it by an additional 5 million per day from next month. He said many units facing gas shortage and new units would benefit.

Nandan said the gas from the offshore fields would be competitively priced compared with alternative fuels such as LNG, imported naphtha, and imported coal. He said ₹35,000-crore worth off works would be taken up over the next few years to develop and exploit the offshore fields off Kakinada, and the production would go up by 15 million cubic meters per day by 2021. Tendering process was on for these works, he added.

ONGC had set up a terminal for processing the gas at Vodalarevu in the Konaseema region of East Godavari district and the infrastructure was ready for supply to user industries. He urged Vizag-based entrepreneurs to make use of the opportunity and set up units in the Godavari region.

A new office is being built at Kakinada for the eastern offshore asset.

Published on January 07, 2018
This article is closed for comments.
Please Email the Editor