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OIL & GAS
 
Vol. VIII Issue. 52
ONGC extends pact with Hinduja Group for sourcing LNG

12 June 2012

June 11, 2012.Bharat Petroleum Corp Ltd (BPCL) and Videocon Industries' Mozambique gas discoveries may hold up to 100 trillion cubic feet of in-place reserves. US energy major Anadarko Petroleum Corp said the total estimated recoverable natural gas resource in Offshore Area 1 was between "30 and 60 Tcf, and the current upside for total gas in place for the discovered reservoirs on the block is approaching 100 Tcf". Bharat PetroResources Ltd, a wholly owned subsidiary of BPCL, and Videocon Hydrocarbon Holdings Ltd, a wholly owned subsidiary of Videocon Industries, hold 10 per cent stake each in Area--1. Anadarko, which holds 36.5 per cent interest in the block, plans to put up plants to liquefy the gas (liquefied natural gas or LNG) so that it can be shipped to consumption centres in cyrogenic ships. The two LNG trains will have the capacity to produce 5 million tonnes of liquid fuel each. First gas exports from an initial train is expected in 2018 and the secondt rain in 2010. A final investment decision is scheduled for late 2013. The Atum discovery well, which encountered more than 300 net feet (92 meters) of natural gas pay, is connected to the recent Golfinho discovery located approximately 16.5-km to the northwest in the Offshore Area 1. The reserves are more than the 11 Tcf of resources in Reliance Industries' eastern offshore KG--D6 fields. RIL had in 2010 produced over 61 million standard cubic metres per day of gas from its KG--D6 gas discoveries before technical problems led to a drop in output. The output is enough to produce about 15 million tonnes of LNG per annum. Anadarko estimates that there is sufficient gas in place in Area-1 for up to 10 LNG trains for a total of 50 million tons a year of LNG capacity.

      
 
 
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