Page 13 - AsianOil Week 48 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA

ONGC inks MoU with SECI
to develop renewable, ESG

projects

To realize its green energy objectives, Oil and
Natural Gas Corporation Ltd (ONGC) has
signed a Memorandum of Understanding
(MoU) with Solar Energy Corporation of
India (SECI). The MoU was signed by ONGC
CMD Subhash Kumar and SECI MD Suman
Sharma on behalf of the two national energy
companies today, 2 December 2021, in New
Delhi.
The MoU provides a broad, overarching
framework for ONGC and SECI to collaborate
and cooperate for undertaking renewable
energy projects including solar, wind, solar will be built in Amdoshi-Wangani, Raigad Sulawesi) and the Tomori E&P Limited (TEL)
parks, EV value chain, green hydrogen, District in the State of Maharashtra (India). as the Contractors (KKKS) have been granted
storage, etc. It is a state-of-the-art technology, which by the Government a 20 years extension on
Speaking on the occasion, Mr Subhash allows the production of styrene polymers the Senoro-Toili Working Area. The extension
Kumar said: “While we appreciate the with a reduced environmental impact, thanks will be effective from December 2027. The
magnitude and urgency of the climate to the very low emissions and reduced energy Working Area is located in Central Sulawesi
change challenge, we also understand our consumption, with which applications for the and has been supplying gas since 2015 to PT
commitment towards energy security of the automotive industry, household appliances, Donggi Senoro LNG (DSLNG), Ammonia
country and are committed to carrying out electrical-electronic sector, are created. Plant PT Panca Amara Utama (PAU) and PT
our business in a sustainable manner. ONGC sanitary, in furnishings. Perusahaan Listrik Negara (Persero) (PLN).
has a multipronged strategy to make its green The transaction confirms Versalis’ primary The development of the Senoro Toili
energy portfolio richer and has plans to role in the styrene sector and strengthens Working Area will continue with the
progressively move towards carbon neutrality its position in the Asian market, an area in development of the South Senoro field,
by effective carbon management and adding strong expansion in the petrochemical sector expected to be completed in 2025, as well as
Renewable Energy Capacity”. and increasingly sensitive to the selection new exploration activities.
Ms Suman Sharma said: “SECI is happy to of technologies for increasingly sustainable “Medco E&P is thankful for the trust and
associate with ONGC in this path-breaking production. support from the Government to continue
initiative that will open new avenues of Versalis will be supported by Eurotecnica the management of the Senoro-Toili Working
sustainable development and promises to take Contractors and Engineers SpA, with which it Area and for the good cooperation with PHE
India to new frontiers of technology and scale. has recently signed a collaboration agreement Tomori Sulawesi and TEL. The Company
We are dedicated towards fulfilling India’s in the styrene sector. Eurotecnica, which continues its commitment to meet the
climate commitments and look forward to a will contribute to the basic engineering production targets set by the Government
continuing partnership.” design for Versalis licensees, is an Italian and to support the industries as well as
ONGC, India’s leading oil & gas company, company, founded in 1962 and part of the the communities in the areas surrounding
has been pursuing green energy agenda Proman Group, specialized in the provision its operations through community
through various alternatives and renewable of engineering services related to proprietary empowerment programs,” stated Medco E&P’s
sources of energy. It has set a target of technologies with a consolidated leadership in President Director Ronald Gunawan.
producing a minimum of 10 GW of renewable the Asian market, in particular for melamine MEDCOENERGI, November 29, 2021
power by 2040 while continuing its focus on technology.
the core E&P business. ENI, December 3, 2021 Premier Oil Tuna finds oil
ONGC, December 3, 2021
Versalis licenses styrene SOUTHEAST ASIA and gas reserves in East
Natuna
polymer technology to Medco E&p granted The Special Task Force for Upstream Oil

India’s Supreme Petrochem extension to manage and Gas Business Activities (SKK Migas)
together with the Premier Oil Tuna BV KKKS
Versalis, Eni’s chemical company, has licensed Senoro-Toili block Cooperation Contract Contractor succeeded
to Supreme Petrochem Ltd., leader in the in discovering oil and gas reserves in the Tuna
Indian market of compact and expandable PT Medco E&P Tomori Sulawesi (Medco Working Area (WK) which is located off the
polystyrene, the continuous mass technology E&P) together with PT Pertamina Hulu coast of East Natuna, right on the border.
for a 70 thousand ABS plant tons / year that Energi Tomori Sulawesi (PHE Tomori Indonesia-Vietnam.

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