03-04-2008, 09:27 PM
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>New licensing policy for oil and gas exploration</b>
Tuesday, March 04, 2008
The Minister of Petroleum and Natural Gas Shri Murli Deora informed the Rajya Sabha today in a written reply that in Krishna Godavari basin, Oil and Natural Gas Corporation Limited (ONGC) started commercial oil and gas production in October 1998. In 2006-07, production by ONGC in onland areas of KG basin was about 602 tonnes per day of crude oil and 4 million metric standard cubic metres per day (MMSCMD) of natural gas.
He told the House that in July 2008, additional natural gas of 40 MMSCMD from Krishna Godavari deepwater areas is likely to be produced by Reliance Industries Limited and NIKO Resources Limited Joint Venture.
Shri Deora also informed that in Rajasthan, ONGC and Oil India Limited are producing natural gas at the rate of 0.75 MMSCMD. In second quarter of 2009, crude oil peak production of 6 million metric tones per annum is likely to be produced by Cairn Energy India Pty. Ltd. He added that 12 MMSCMD of natural gas is produced from Tapti field by British Gas Exploration Production India Limited (BGEPIL).
The Minister further said that as on 1.4.2007, in KG basin, initially in place oil and gas reserves of 970.52 million metric tones of oil equivalent (MMTOE) have been established. In Rajasthan, initially in place oil and gas reserves of 330.36 MMTOE have been established. In Tapti field, initially in place oil and gas reserves of 114.96 MMTOE have been established.
Government of India approved the New Exploration & Licensing Policy(NELP) in 1997 and it became effective in February, 1999. Since then licenses for exploration are being awarded only through a competitive bidding system and National Oil Companies (NOCs) are required to compete on an equal footing with Indian and foreign companies to secure Petroleum Exploration Licences(PELs). Six rounds of bids have so far been concluded under NELP, in which production sharing contracts for 162 exploration blocks have been signed. Under NELP, 56 oil and gas discoveries in 17 blocks have already been made in Cambay onland, North East Coast and Krishna-Godavari deepwater areas, for which, development plans by the operators are in progress.
With exploration and development efforts made under NELP, Natural Gas production in the country is likely to be doubled by end of 11th Five Year Plan from the present level of gas production of about 90 million standard cubic metres per day (MMSCMD).
Under seventh round of NELP which was launched on 13th December 2007, Government is offering 57 exploration blocks. The offered blocks include â 19 deepwater blocks, 9 shallow water blocks and 29 onland blocks. Exploration blocks in onland areas are located in the states of Assam (1), Bihar(3), Chattisgarh(1), Gujarat(11), Madhya Pradesh (2), Rajasthan (3), Tamil Nadu(2) and West Bengal (6). Out of 19 deepwater blocks, 15 exploration blocks are in western offshore areas and 3 exploration blocks are in eastern offshore areas. One deepwater exploration block is in Andaman Nicobar basin. Amongst shallow water blocks, 6 blocks are in Mumbai basin in western offshore, while 3 blocks are in KG basin in eastern offshore. <!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Fiberglass LPG cylinders</b>
Tuesday, March 04, 2008
Government has conveyed âin principleâ approval to the Public Sector Oil Marketing Companies (OMCs) for expanding the product line by way of introduction of composite cylinders for marketing domestic LPG, <b>subject to there being no subsidy element in the LPG to be marketed through these composite cylinders.</b>
To start with, Indian Oil Corporation Limited (IOC) along with Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) intend to import some cylinders and do test marketing in selected cities.
OMCs are procuring LPG cylinders from cylinder manufacturers who have valid manufacturing licences from the Bureau of Indian Standards (BIS) and the Chief Controller of Explosives (CCOE). LPG cylinders procured by OMCs meet the required quality standards.
OMCs have reported that necessary approval of CCOE has been obtained for use of composite cylinders for LPG.
The above information was given by the Minister of State for Petroleum & Natural Gas Shri Dinsha Patel in a written reply in the Rajya Sabha today.<!--QuoteEnd--><!--QuoteEEnd-->
Tuesday, March 04, 2008
The Minister of Petroleum and Natural Gas Shri Murli Deora informed the Rajya Sabha today in a written reply that in Krishna Godavari basin, Oil and Natural Gas Corporation Limited (ONGC) started commercial oil and gas production in October 1998. In 2006-07, production by ONGC in onland areas of KG basin was about 602 tonnes per day of crude oil and 4 million metric standard cubic metres per day (MMSCMD) of natural gas.
He told the House that in July 2008, additional natural gas of 40 MMSCMD from Krishna Godavari deepwater areas is likely to be produced by Reliance Industries Limited and NIKO Resources Limited Joint Venture.
Shri Deora also informed that in Rajasthan, ONGC and Oil India Limited are producing natural gas at the rate of 0.75 MMSCMD. In second quarter of 2009, crude oil peak production of 6 million metric tones per annum is likely to be produced by Cairn Energy India Pty. Ltd. He added that 12 MMSCMD of natural gas is produced from Tapti field by British Gas Exploration Production India Limited (BGEPIL).
The Minister further said that as on 1.4.2007, in KG basin, initially in place oil and gas reserves of 970.52 million metric tones of oil equivalent (MMTOE) have been established. In Rajasthan, initially in place oil and gas reserves of 330.36 MMTOE have been established. In Tapti field, initially in place oil and gas reserves of 114.96 MMTOE have been established.
Government of India approved the New Exploration & Licensing Policy(NELP) in 1997 and it became effective in February, 1999. Since then licenses for exploration are being awarded only through a competitive bidding system and National Oil Companies (NOCs) are required to compete on an equal footing with Indian and foreign companies to secure Petroleum Exploration Licences(PELs). Six rounds of bids have so far been concluded under NELP, in which production sharing contracts for 162 exploration blocks have been signed. Under NELP, 56 oil and gas discoveries in 17 blocks have already been made in Cambay onland, North East Coast and Krishna-Godavari deepwater areas, for which, development plans by the operators are in progress.
With exploration and development efforts made under NELP, Natural Gas production in the country is likely to be doubled by end of 11th Five Year Plan from the present level of gas production of about 90 million standard cubic metres per day (MMSCMD).
Under seventh round of NELP which was launched on 13th December 2007, Government is offering 57 exploration blocks. The offered blocks include â 19 deepwater blocks, 9 shallow water blocks and 29 onland blocks. Exploration blocks in onland areas are located in the states of Assam (1), Bihar(3), Chattisgarh(1), Gujarat(11), Madhya Pradesh (2), Rajasthan (3), Tamil Nadu(2) and West Bengal (6). Out of 19 deepwater blocks, 15 exploration blocks are in western offshore areas and 3 exploration blocks are in eastern offshore areas. One deepwater exploration block is in Andaman Nicobar basin. Amongst shallow water blocks, 6 blocks are in Mumbai basin in western offshore, while 3 blocks are in KG basin in eastern offshore. <!--QuoteEnd--><!--QuoteEEnd-->
<!--QuoteBegin-->QUOTE<!--QuoteEBegin--><b>Fiberglass LPG cylinders</b>
Tuesday, March 04, 2008
Government has conveyed âin principleâ approval to the Public Sector Oil Marketing Companies (OMCs) for expanding the product line by way of introduction of composite cylinders for marketing domestic LPG, <b>subject to there being no subsidy element in the LPG to be marketed through these composite cylinders.</b>
To start with, Indian Oil Corporation Limited (IOC) along with Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) intend to import some cylinders and do test marketing in selected cities.
OMCs are procuring LPG cylinders from cylinder manufacturers who have valid manufacturing licences from the Bureau of Indian Standards (BIS) and the Chief Controller of Explosives (CCOE). LPG cylinders procured by OMCs meet the required quality standards.
OMCs have reported that necessary approval of CCOE has been obtained for use of composite cylinders for LPG.
The above information was given by the Minister of State for Petroleum & Natural Gas Shri Dinsha Patel in a written reply in the Rajya Sabha today.<!--QuoteEnd--><!--QuoteEEnd-->