ONGC’s discovery, development and production of 98/2 in the world’s toughest geological formations should be brought on to the world stage, observed Minister for Petroleum & Natural Gas and Steel Mr Dharmendra Pradhan, while reviewing the Assets in Andhra Pradesh on 8 November 2019 in Rajahmundry Asset premises.
Besides the minister, the review meeting was attended by MP (Amalapuram) and Member of Parliamentary Standing Committee on Petroleum and Natural Gas Mrs Chinta Anuradha, MP (Rajahmundry) Ms Margani Bharat, MLC Mr Somu Veeraju and PS to Minister Dr Ajay Kumar, IAS.
Appreciating the technical expertise of ONGC personnel in utilizing the hydrocarbon reserves from the world’s toughest deep water geological zones coupled with high pressures and high temperatures, the Mr Dharmendra Pradhan exhorted ONGC to give utmost attention to the KG offshore and on-land.
Further, he wanted ONGC to study the recovery and monetization methods adopted for small finds by nations like Malaysia, Vietnam and Indonesia to implement in KG Offshore. Rope in advanced technologies available in the world, he suggested.
“I want ONGC to monetize eastern offshore finds in a big way by 2022 as per the given timeline and win global recognition. It will be a great occasion for the nation and ONGC employees. I will visit KG on-land and offshore regularly to see the progress of the given schedule.”
In view of the world’s toughest geological complexities and challenges, the minister suggested to the accompanying PS, to examine the policy feasibility of giving freedom of pricing and marketing to ONGC of its KG offshore oil and gas.
The visiting Minister recommended studying the possibility of replicating the Western offshore model of development for east coast too without compromising on safety. World’s safety standards should be put in place in the offshore development, he underlined. “I am open for new ideas and will render full support to ONGC for developing the KG Offshore.”
For more info visit : https://www.ongcindia.com/wps/wcm/connect/en/media/press-release/ongc-98-2-success-petroleum-minister-dharmendrapradhan
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