Page 20 - AsianOil Week 01 2021

AsianOil NEWS IN BRIEF AsianOil

SOUTH ASIA generated 1.2 million man days of employment (OGDCL) as operator (97.5%) and Khyber
and would develop a new ecosystem of Pakhtunkhwa Oil & Gas Company Limited
PM dedicates Kochi- employment and self-employment after its (KPOGCL) (2.5%) has discovered Gas &
commissioning which would help the fertilizer,
Condensate from its exploratory Well Siab-1,
Mangaluru Natural Gas petrochemical and power sector. It will also help which is located in District Kohat, Khyber
Pakhtunkhwa Province.
India in saving thousands of crores of Foreign
Pipeline to the Nation exchange for the country. using OGDCL’S in house expertise. The well
The structure of Siab-1 was drilled and tested
PRIME MINISTER’S OFFICE, January 5, 2021
Prime Minister Shri Narendra Modi dedicated was drilled down to the depth of 5500 Meters.
Kochi - Mangaluru Natural Gas Pipeline to Oil Minister flags off critical Based on open hole logs data, the well was tested
the Nation through a video conference today. at rate of 1.6 Milion Standard Cubic Feet per
The event marks an important milestone equipment Day (MMSCFD) of gas and 12 Barrels per day
towards the creation of ‘One Nation One (BPD) of condensate through 32/64” choke at
Gas Grid’. Governors and Chief Ministers Shri Dharmendra Pradhan, Hon’ble Minister for Well Head Flowing Pressure of 190 Pounds per
of Karnataka and Kerala, along with Union Petroleum, Natural Gas and Steel today flagged- square inch (PSI) from Samanasuk Formation.
Minister for Petroleum and Natural Gas were off a consignment of critical equipment from One more zone in “Lumshiwal/Hangu”
also present on the occasion. Hazira to Paradip for IndianOil’s MEG (Mono formation has been tested at 4.18 Million
Speaking on the occasion, the Prime Minister Ethylene Glycol) Plant. The Over Dimensioned Standard Cubic Feet per Day (MMSCFD) of Gas
termed this day as an important milestone for both Consignment (ODC) movement of the flagged- and 32 Barrels Per Day of condensate through
the people of Kerala and Karnataka as the two off equipment includes an Ethylene Oxide choke size 32/64” at wellhead flowing pressure of
states are being connected by a natural gas pipeline. Reactor, a Washtower and a Deethylenizer. With 387 Pounds Per Square (Psi).
He said the pipeline will have a positive impact on the delivery of this consignment, the Paradip The discovery of Siab-1 is the result of
the economic growth of these two states. He said MEG project will take a significant stride aggressive exploration strategy adopted by the
rapid expansion of Gas based economy is a must to towards its commissioning, which is all set to Company. It has opened a new avenue and would
achieve self reliant India and cited this as the reason play a crucial role in the economic development add to the hydrocarbon reserves base of OGDCL,
behind Government’s push for ‘One Nation One of Odisha and its neighbouring states. KPOGCL and of the country and will contribute
Gas Grid’. MEG is used as one of the raw materials for in reducing the gap between supply and demand of
While listing the advantages of the pipeline, the production of Polyethylene Terephthalate oil and gas in the country through the exploitation
he said that the pipeline would improve the (PET), Polyester Staple Fibre (PSF), Polyester of indigenous resources.
ease of living in both the states and reduce Filament Yarn (PFY), and other similar OGDCL, December 23, 2020
the expenses of the poor, middle class and products. IndianOil’s Ethylene Glycol Project
entrepreneurs of both the states. He said the at Paradip, which includes a 180 KTA Ethylene
pipeline would become the base of the Gas Recovery Unit (ERU) and a 357 KTA Ethylene SOUTHEAST ASIA
Distribution System in many cities and would Glycol unit (EGU), is expected to produce
form the base of the CNG based transport 332 KTA MEG. This project is expected to be Five-Year extension of
system in these cities. He said the pipeline would commissioned in October 2021 at IndianOil’s
provide clean energy to Mangalore Refinery Paradip Refinery at an investment of Rs 5654 FPSO Espirito Santo lease
and would play a major role in reducing the Crore.
pollution in both the states. He added the INDIANOIL, January 4, 2021 contract
reduction of pollution will have a direct impact
on the environment akin to planting millions Gas/condensate discovery MISC Berhad would like to share that on
of trees which would help in improving people’s 7 December 2020, Brazilian Deepwater
health and reducing their health related at Siab-1 well Production BV (BDP BV) and Operações
expenditure. He said that less pollution and Maritimas em Mar Profundo Brasileiro Ltda
clean air would attract more tourists to the city. The Joint Venture of Baratai Block comprising (OMMPB), a wholly owned subsidiary of
He added that construction of this pipeline has Oil and Gas Development Company Limited Brazilian Deepwater Production Contractors
Limited (BDPC), joint venture companies
between SBM Holding Inc. S.A (SBM) and
MISC Offshore Holdings Sdn. Bhd. (MOHB),
entered into agreements with Shell Brasil for
five (5) years’ extension of the lease, operation
and maintenance contracts for the FPSO
Espirito Santo located in the Campos Basin
for the BC-10 field, offshore Brazil.
The initial contracts were entered by the
companies with Shell Brasil in 2006 with expiry
date of December 2023. With the extension, the
duration of the contracts will be extended until
December 2028.
SBM owns 51% of equity in BDP BV and
BDPC respectively, whilst MOHB owns 49% of
equity in each of the companies.
MISC, December 30, 2020

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