Exploration News
8 JAN 2018

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

He was speaking here on Saturday after participating in a customers' meet. He said the asset, presently producing one million cubic meters per day, would hike it by an additional 5 millions per day from the next month onwards. He said many existing units, suffering for want of gas, as well as new units would get gas.

He said the gas from the offshore fields would be competitively priced compared to alternative fuels like LNG, imported naphtha, and imported coal. He said Rs. 35,000 crore worth of 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 of gas per day by 2021. Tendering process was on for these works, he added.

Nandan said the 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 of gas to user industries. He urged Vizag-based entrepreneurs to make use of the opportunity and set up units in the Godavari region. In future, once the pipeline is ready, the gas could be supplied to Vizag-based units also.

He said the ONGC had taken up a number of community welfare projects in the Vodalarevu area and other parts of East Godavari as a part of its CSR activities. A new office is being built at Kakinada for the eastern offshore asset.

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