KAKINADA: In an effort to exploit oil and natural gas (hydrocarbon resources) from the Eastern offshore fields, Oil and Natural Gas Corporation Limited (ONGC) created ‘Eastern Offshore Asset’ (EOA) in April 2009, with headquarters in Kakinada.
EOA will take care of drilling and production of oil and gas in offshore only and Rajahmundry- Asset will focus itself on onshore with the headquarters at Rajahmundry.
At present the total project cost of EOA is Rs 10,000 crore.
From 2010, EOA will start production of oil and natural gas every year from its field. EOA is planning to produce 0.99 million metric tonnes (MMT) of oil and 4,636 barrels cubic metres (BCM) of gas in a period of 11 years.
The peak oil production rate per day will be 9,300 barrels of oil per day (BOPD) and peak gas production rate will be 1.06 million metric standard cubic metres per day (MMSCMD).
GS-15 field will start production in the middle of 2010 year and G-1 field during the middle of 2011. The estimated cost of the project is 450 million dollars.
Another project of EOA is ‘Manik’ and its estimated cost is 1.0 billion dollars. During 2008-2009, ONGC made a major discovery in G-4-6 field and another discovery in GS-29 field.
Gas and Oil will be produced from G-4-6 field during 2012 and GS 29-in 2012. Peak gas production is expected to be at the rate of 5 MSCMD it is learnt. Another project is ‘Vashishta’ which costs 779 million dollars. Gas and Oil production will be started from the middle of 2012. Expected gas production is 15.775 BCM over a period of nine years and the peak rate of 5.75 MMSCMD from the field.
EOA is planning to take up drilling operations both in shallow and in deep waters and it will be scaled to 50 wells in the next five years.
EOA is introducing latest state of art technologies in all its projects for completion, production and measurement etc. EOA executive director K Anjaneyulu of Attili in West Godavari district, proved his has worked in various fronts in ONGC for several years. Earlier, he was involved in the development of oil and gas processing complexes at Uran near Mumbai and at Horzira near Surat. Before he was shifted as executive director EOA, he was at the helm of affairs at Cauvery basin of Tamilnadu and Puducherry.
Terminals will come up at Odalaveru and Kakinada and later expanded to other areas as per requirement.
With the creation of EOA at Kakinada the district is having two Assets including the existing Rajahmundry Asset at Rajahmundry.
Speaking to TNIE, Anjaneyulu said that all supply base operations were being carried out in an excellent manner by the supply base group of the Asset.
At present EOA was providing support to five rigs operating in EOA through four offshore supply vessels from Kakinada deep offshore port, he added. Plans were afoot to start a bio-diesel plant to cater to the needs of EOA.
Under Corporate Social Responsibility (CSR), EOA was serving the society in its operational area. EOA was introducing scholarships this year to the students of ZP High School, Vodalarevu village to the top five merit students from 6 to 10 class. The scholarship amount per annum was Rs 3,000 and Rs 5,000 per annum.
chary@epmltd.com