Page 17 - AsianOil Week 20 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA exports, was 22.591 million tonnes. The mobilized.
refining throughput was 17.592 million tonnes Barge ‘Support Station-3’: anchors of the
IndianOil financial and the throughput of the Corporation’s barge gave away and it started drifting North-
West. It is clear of all operational Installations
countrywide pipelines network was 21.849
performance million tonnes during the same period.” of Mumbai High. The vessel is under control
and there is no water ingress. Two ONGC
INDIANOIL, May 19, 2021
IndianOil reported Revenue from Operations OSVs are on their way to provide necessary
of Rs 5,14,890 crores for the year April – ONGC taking all possible help.
March 2021 as compared to Rs 5,66,354 crores Barge ‘Gal Constructor’ is drifting at
in corresponding Financial Year 2019-20. measures to mitigate Colaba Point with water ingress in engine
The Net Profit for the year ended 31st March room. Coast Guard vessel ‘ICG Samrat’ and
2021 is higher at Rs 21,836 crores as compared impact of cyclone Tauktae Mumbai Port Trust vessel ‘Water Lily’ are at
to Rs 1,313 crores during the previous year the location for rescue and support.
mainly on account of higher inventory gain Cyclone Tauktae hit Arabian Sea off the coast ONGC Drill Ship ‘Sagar Bhushan’
and higher petrochemical margin during of Mumbai in the early hours of May 17, 2021 deployed for exploration in western offshore,
current year. where ONGC’s major production installations lost its anchors and started drifting north.
The Revenue from Operations of and drilling rigs are located. The wind speed Four ONGC charter hired vessels are at the
IndianOil is Rs 1,63,606 crores in Q4 2020- rose to nearly150-180 Km/hr with 6 to 8 location for rescue operations. Two ONGC
21 as compared to Rs 1,39,005 crores in the meters high waves. MSVs are also on their way. ‘ICGS Shoor’
corresponding quarter of FY 2019-20. The Net Due to the severe cyclonic storm, of Coast Guard has been diverted for rescue
Profit for the fourth quarter of FY 2020-21 unfortunate incidences have occurred operations.
is Rs 8,781 crores as compared to Rs (5,185) involving three construction barges of M/s ONGC, May 18, 2021
crores in the corresponding quarter of FY Afcons working on a project of ONGC in
2019-20 which is due to higher inventory Western Offshore fields in the Arabian Sea OGDCL makes gas discovery
gain and higher petrochemical margin during and one drilling rig of ONGC deployed for
current quarter. exploration purpose. in Balochistan
The Board of Directors of the Corporation ONGC is taking all possible measures in
in its meeting held on 19th May, 2021 has coordination with ODAG (Offshore Defence Oil and Gas Development Company Limited
declared a final dividend of Rs 1.50 per equity Advisory Group) and MRCC (Maritime (OGDCL) as operator (100%) of the Jandran
share. (face value: Rs 10/- per equity share). Rescue Coordination Centre) to ensure the Exploration Licence has discovered gas from
IndianOil Chairman, Mr. S. M. Vaidya, safety of personnel and vessels. The status of its exploratory well Jandran X-04, which
said, “IndianOil sold 81.027 million tonnes of these vessels and drilling rig are as follows: is located in District Barkhan, Balochistan
products, including exports, during the year Barge ‘Papaa–305’: Due to combination of Province.
April – March 2021. Our refining throughput cyclone and high sea swell, the anchors of the The structure of Jandran X-04 was
for the FY 2020-21 was 62.351 million tonnes barge had given away, and the vessel started delineated, drilled and tested using OGDCL’s
and the throughput of the Corporation’s drifting. For rescue operation, INS Kochi and in house expertise. The well was drilled down
countrywide pipelines network was 76.019 INS Kolkata- two ships of Indian Navy and to the depth of 1200m into Parh Limestone.
million tonnes during the year. The gross one Tug Boat of Afcons, one OSV (Offshore Based on Wireline logs data, successfully DST
refining margin (GRM) during the year Supply vessel) of ONGC, Coast Guard was carried out in Mughal Kot Formation
April – March 2021 was US$ 5.64 per bbl as vessel ‘ICG Samarth’ have also been pressed wherein the Well tested 7.08 Million Standard
compared to US$ 0.08 per bbl in previous into service. These vessels have reached the Cubic Feet Per Day (MMSCFD) gas and 0.55
financial year. location and have stared rescue operation. Barrels Per Day (BPD) condensate with Well
For the fourth quarter of FY 2020-21, Three more ONGC OSVs and two MSVs Head Flowing Pressure (WHFP) of 1300
IndianOil’s product sales volumes, including (Multipurpose Support Vessel) have been Pounds Per Square Inch (Psi) at 32/64” choke
size.
The discovery of Jandran X-04 is the result
of aggressive exploration strategy adopted by
the company. It has opened a new avenue and
would add to the hydrocarbon reserves of
OGDCL and the country.
OGDCL, May 17, 2021

SOUTHEAST ASIA
Pema Global Energi takes

over Work Area B

Pertamina through its subsidiary, PT
Pertamina Hulu Energi North Sumatra
B-Block (PHE NSB), officially handed over
the management of 100% Working Area

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