Page 12 - AsianOil Week 23 2022

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA Juan Gonzalez, vice president, Large numerous challenges for us. However, steady
Project Business Development, Air Products efforts and technological applications to ramp-
Air Products awarded long- Middle East, Egypt, Turkey and India, said, up gas production to double the production
“We are proud to work with IOCL as they
and cross 0.8 mmscmd has brought us back
term hydrogen and nitrogen look to significantly expand their operations on track. Our next milestone remains 1.0
at Barauni. We look forward to bringing our
mmscmd and we are putting concerted effort
supply agreement for Indian global expertise, experience and world-class to over the next few months.”
engineering capabilities to this project.”
Crossing the 0.8 mmscmd mark has
Oil Corporation be Air Products’ second BOO project in India, aligned the production curve with the forecast
Once completed, the Barauni project will
available enabling EOGEPL to further escalate
Air Products, a world leader in industrial after the Kochi Industrial Gas complex at field activities and efforts toward the next
gases and large-scale project development, BPCL’s Kochi Refinery. goal of 1.0 mmscmd. The future ramp-up
execution and operation, today announced AIR PRODUCTS, June 08, 2022 will be an integration of re- fracturing and
the signing of a long-term supply agreement revival of wells, alongside fresh technological
with Indian Oil Corporation Limited (IOCL), EOGEPL crosses the 0.8 applications, many of which will boast of its
India’s flagship national oil company. Air first time application in CBM in India and
Products will build, own and operate (BOO) mmscmd mark of gas would be in line with EOGEPL’s pioneering
a new industrial gases complex supplying endeavours of CBM in the country.
hydrogen, nitrogen and steam to IOCL’s production EOGEPL had pioneered CBM exploration
Barauni Refinery in Bihar, India. in the early 90’s and helmed CBM
The new industrial gas complex will aid Essar Oil and Gas Exploration and development with commercial success in the
IOCL’s capacity expansion from six to nine Production Ltd (EOGEPL), India’s pioneering state of art Raniganj East CBM Block in West
million tonnes per annum producing Euro-VI unconventional hydrocarbon (coal-bed Bengal, India.
or BS-VI compliant gasoline and diesel at its methane) player, today announced crossing As of now, EOGEPL operates around
Barauni complex. The industrial gas complex 0.8 mmscmd of gas production and is 350 wells in the block and since May, 2021
will include the latest generation multi-feed successfully marching towards the benchmark with a systematic approach of well revival,
hydrogen production facility supplying 70,000 of 1.0 mmscmd post commissioning of the technology application and close monitoring,
normal cubic meters per hour (Nm3/hr) Urja Ganga Pipeline. the company has been consistent with the
of hydrogen as well as steam, and a high- EOGEPL was the first to cross the much ramp-up forecast from renowned CBM
efficiency air separation unit producing 4,000 anticipated threshold of 1.0 mmscmd of gas experts. The field management within the
Nm3/hr of nitrogen. production a few years back, demonstrating Covid window with various services/logistics
Air Products expects the new industrial gas the initial potential of the Raniganj East Block. limitations had also been a challenge that was
complex for IOCL to come onstream in 2024. The company is also committed to contribute successfully mitigated.
Air Products’ chief operating officer towards our Hon. PM’s vision of becoming a ESSAR OIL AND GAS EXPLORATION AND
Dr. Samir J. Serhan said, “We are honored ‘Gas Based Economy’ in the next decade, by PRODUCTION LTD, June 07, 2022
to work with IOCL, the largest petroleum ramping up its CBM gas production.
refining company and largest Public Sector Pankaj Kalra CEO and director EOGEPL
Undertaking in India. As one of the fastest said: “The importance of domestic gas in the SOUTHEAST ASIA
growing economies in the world, our latest energy basket for any developing country
strategic investment in India will provide like India is extremely crucial considering Pan Orient Energy – Sale to
an efficient combination of industrial gas the uptrend in gas demand, price and
production technologies, enabling IOCL rising import bills. EOGEPL has always Dialog Group and transfer
to meet ever-increasing transportation led the path and is strategically focused
fuel demand. We look forward to reliably on the development of Unconventional of non-Thailand business to
supplying IOCL’s industrial gas needs for Hydrocarbons in India. The unavoidable delay
decades to come.” in the GAIL Urja Ganga trunk line caused new company

Pan Orient Energy announced today that
it has entered into an agreement to be
acquired by a subsidiary of Dialog Group
and for Pan Orient’s non-Thailand business
to be transferred to CanAsia Energy, a
new company to be owned by Pan Orient
shareholders.
Pursuant to that agreement, Dialog
Systems (Asia), a wholly-owned subsidiary
of Dialog Group, will acquire, through a
newly-incorporated Alberta subsidiary, all
the outstanding shares of Pan Orient by way
of a plan of arrangement under the Business
Corporations Act (Alberta). A holder of a
common share of Pan Orient will receive, for
each such common share, cash consideration

P12 www. NEWSBASE .com Week 23 10•June•2022