Page 14 - AsianOil Week 43 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA The field today remains relevant as it continues to Turkmenistan to talk TAPI
produce ~15,000 barrels per day and even touched
Cairn’s Ravva oilfield enters a peak of 25,000 barrels per day in the last year. It with Taliban
has also proven to be one of the most economical
28th year of production fields globally. Turkmen officials will visit Kabul this week to
discuss with the Taliban regime continuing
CAIRN OIL & GAS, October 28, 2021
Exceeding all expectations, the recoverable work on the Turkmenistan-Afghanistan-
resource from the block has gone up from the IndianOil appoints director Pakistan-India (TAPI) gas pipeline, the
industry average of 39% to over 50% Taliban government said on October 27.
Cairn Oil & Gas, India’s largest private oil of marketing The pipeline is expected to carry 33bn cubic
and gas exploration and production company, metres (bcm) of natural gas per annum along
completes 27 years of operations from its Ravva V Satish Kumar has taken charge as Director an approximately 1,800 km-long route from the
oil field, situated off the coast of Andhra Pradesh. (Marketing), Indian Oil Corporation Limited, world’s second-biggest gas field Galkynysh in
Discovered in 1994, Ravva is India’s first offshore one of India’s largest commercial enterprises Turkmenistan to the Indian city of Fazilka near the
asset. Designated as a limited resource, Ravva was and one of the leading Indian companies in Pakistan border.
expected to produce 100 mmboe – today, it has the Fortune Global 500 listings. “We have been working hard for some time
produced over 305 mmboe. Prior to his ascent as Director (Marketing), Mr and we are ready to take pride in starting work on
Discussing the field’s journey, Prachur Sah, Kumar was the business head of Madhya Pradesh the TAPI project,” Mohammad Issa Akhund, the
Deputy CEO, Cairn Oil & Gas, said, “Considered and Chhattisgarh, overseeing retail & direct sales, acting minister of mines and petroleum in the new
to be in the last league of its production cycle in the LPG, lube sales, operations, project management, Taliban government, said in a statement.
early-2000s, Ravva’s life has exceeded expectations planning, HRD, and Information Technology. He The Afghan stretch of the pipeline will run
as Cairn continues to deploy the latest technologies. has also been instrumental in implementing key south from the Turkmen-Afghan border through
As the asset enters its 28th year of production, its business initiatives like Direct Benefit Transfer for the western Afghan city of Herat to Kandahar near
recovery rate has set an industrial benchmark. LPG consumers (DBTL), Pradhan Mantri Ujjwala the border with Pakistan.
Ravva further proves that technology and Yojana (PMUY), and shift to BS-VI fuel. He brings BNE INTELIINEWS, October 28, 2021
digitalization can help the country gain more from to the board his expertise of over three decades
its existing resource capacities. The Ravva field is a in the marketing of petroleum products across
national asset that also boasts of world-class safety various geographies in the country. SOUTHEAST ASIA
standards.” Mr Satish Kumar is also currently on the Board
The Ravva field has achieved recognition for its of Beximco IOC Petroleum & Energy Ltd., a Joint Nine large contractors
technological standards. It is home to India’s first Venture of IOC Middle East FZE (a wholly-owned
TCP under balance-perforating with multilane subsidiary of IndianOil in Dubai) and Beximco, exceed the lifting target
completion technique, which has granted access to Bangladesh. Earlier, he also served as the Chief
multiple reservoirs from the same bore, improving Executive Officer of IndianOil Petronas Pvt. Ltd. In the midst of the ongoing Covid-19
recovery and asset reservoir management. (IPPL), a Joint Venture of IndianOil and Petronas, pandemic, which causes upstream oil and gas
Deploying expandable sand screens that control Malaysia. During his tenure, IPPL handled record operations to be not optimal due to mobility
sand production in the wells has further swelled volumes of LPG Imports, thus enabling IndianOil restrictions and the application of strict health
production capacities and increased savings. to meet the surge in the LPG demand on account protocols, upstream oil and gas can still record
This has borne rich results – from a mere 3,500 of Govt. of India’s ambitious Pradhan Mantri high oil and gas lifting achievements . Until
barrels per day, the field touched a peak of 50,000 Ujjwala Yojana program. the third quarter of 2021, the realization of oil
barrels per day and maintained it for over a decade. INDIANOIL, October 28, 2021 and gas lifting is 1,640 barrels of oil equivalent
per day (BOEPD) or 96% of the APBN target.
This realization cannot be separated from the
performance of the Cooperation Contract
Contractors (KKKS) who are able to record
lifting above 100%.
For oil, there are 7 (seven) Cooperation
Contract Contractors (KKKS) who reach above
100% of the lifting target . As for gas, there are
9 (nine) KKKS that have achieved gas lifting
(channels) above 100%. KKKS that managed to
exceed the target for oil were Pertamina Hulu
Mahakam (PHM) at 25,119 barrels of oil per day
(BOPD) or 114.5%, Medco E&P Natuna at 14,509
BOPD or 138.2%, Pertamina Hulu Sanga-Sanga at
12,129 BOPD or 101.9%, ConocoPhilips (Grissik)
LTD at 7,014 BOPD or 104.8%, JOB Pertamina –
Medco Tomori Sulawesi LTD at 6,730 BOPD or
103.9% and Husky-CNOOC Madura LTD at 6,564
BOPD or 109.4%.
For KKKS gas whose lifting achievement
exceeds the APBN target, among others,
ConocoPhilips (Grissik) LTD of 831 million

P14 www. NEWSBASE .com Week 43 28•October•2021