Page 12 - AsianOil Week 21 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA to the required depth with anchor chains and IndianOil braces for Cyclone
are ready to moor the calm buoy. Consequent
HOEC updates on Western to the cyclone and the onset of monsoon, Yaas
the connection of anchors chains to the calm
Offshore Project buoy was not possible due to the following Merely two weeks after cyclone Tauktae
reasons: We had to evacuate due to cyclone
wreaked havoc and left behind a trail of
Following is the update on status of Tauktae while making the first attempt to destruction, India is bracing for another
installation of facilities completed in B-80 field connect the anchor chains to buoy to ensure cyclone, Cyclone Yaas, likely to make landfall
and installation works delayed due to cyclone the safety of personnel and the vessels in at north Odisha - West Bengal coast between
and the onset of monsoon: operation. After the cyclone, a second attempt Paradip and Sagar Island on Wednesday
Offshore Installation, a jack up rig (Key was made to connect the anchor chains to the evening.
Gibraltar) converted as an offshore processing buoy to complete the mooring, which was not As part of a major contingency plan,
unit has been successfully installed in the possible due to poor under water visibility and under the able stewardship of Hon’ble Union
field and is ready to receive the oil and gas for the picking up of adverse weather due to the Minister Mr Dharmendra Pradhan, the
processing from the subsea wells. onset of monsoon. Ministry of Petroleum and Natural Gas is
Flow lines have been laid and connected Until the calm buoy is installed and pre- taking all precautionary measures to mitigate
to the wells and the offshore processing unit. tensioned with anchors, the Floating Storage the impact of cyclonic storm Yaas.
Similarly, the control umbilical to the trees of Offshore (FSO) cannot be moored to receive The Oil & Gas industry has made all
subsea wells and the processing unit are duly and store the oil. Therefore, the production arrangements to maintain adequate POL,
laid, connected and tested. cannot commence till the calm buoy is fully CNG, LPG stock at all the dealerships in
Gas export pipeline from offshore moored and the hose is connected to the calm the area expected to be hit by the cyclone.
processing unit to the existing gas pipeline of buoy. This work will take about to 7-10 days at Disaster Control Room at Corporate and
ONGC to Hazira Terminal has been laid and offshore and is expected to be completed once Divisional level has been set up by the Oil and
hot tapped with ONGC line, which completes the monsoon is over. Therefore, the first oil Gas companies for close coordination with
the requirements of gas evacuation. from the field is delayed to the third quarter of Divisions and locations likely to be affected.
Oil export pipeline from the offshore this financial year. The companies are also organising internal
processing unit to the Pipeline End Manifold With regard to the increase in 10% of meetings to disseminate information to the
(PLEM) has been completed and connected to Participating Interest to 60% in B-80 field, field-level officers about the approaching
the PLEM. The under-buoy hose is installed the amendment to revenue sharing contract cyclone, its severity, impact, and the possible
and ready to connect to the Calm Buoy. (RSC) is being pursued with the Ministry of devastation it can bring to the entire supply
Calm Buoy was to be moored with six pile Petroleum and Natural Gas. chain. Oil industry officials are in close
anchors and all the six piles have been driven HOEC, May 25, 2021 coordination with Paradip and Haldia Port
authorities on the berthing and de-berthing of
vessels/barges at jetties. Activities at all project
sites have been temporarily suspended, and
the workers have been moved out to ensure
their safety. All ships carrying POL products
and crude oil have been advised to keep a safe
distance from the cyclone’s path.
The Oil and Gas industry is also geared up
to ensure a continuous supply of petroleum
products, other essential commodities,
including medical oxygen, for continued
COVID-19 management. All-out efforts are
underway to ensure that the supply of Liquid
Medical Oxygen (LMO) from the eastern part
of India to the rest of the country doesn’t get
affected by the cyclonic storm.
INDIANOIL, May 25, 2021

SOUTHEAST ASIA

Hibiscus reports strong
profit growth

Hibiscus Petroleum today released a
Corporate and Business Update outlining
the Group’s targets and initiatives as well as
operational updates in conjunction with the
release of its quarterly financial results for the
period ended 31 March 2021 (3Q FY2021).

P12 www. NEWSBASE .com Week 21 27•May•2021