ONGC begins oil evacuation from Panna subject by way of sub-sea pipeline, saving $43,000/day

New Delhi: Oil and Pure Gasoline Company Ltd (ONGC) on Thursday introduced that it has efficiently linked Panna oilfield within the Arabian Sea to shore by a sub-sea pipeline, serving to save $43,000 a day in value that was beforehand incurred in transporting crude oil by ships, the corporate mentioned in a press launch.

Panna subject, which is a part of ONGC’s Bassein & Satellite tv for pc (B&S) asset of western offshore, produces 9,600 barrels of oil per day.

“With the profitable linkage of Panna Course of Platform with subsea pipeline, part of ONGC’s Bassein & Satellite tv for pc (B&S) Asset. ONGC has achieved a big value discount of roughly USD 43,000 per day by connecting the platform with subsea pipeline,” it mentioned.

Moreover, the submarine pipeline connection minimizes the manufacturing downtime related to tanker changeovers and eliminates demurrage prices throughout adversarial climate circumstances, it added.

These mixed financial savings and improved operational agility place ONGC for long-term success within the offshore oil and fuel sector.

The Panna phase contains laying of two segments of 37.50 kms of submarine pipeline and set up of three Most important Oil Line Pumps (MOL) and three booster pumps.

The Panna-Mukta oilfield consists of two adjoining offshore oil fields north-west of Mumbai.

 “This outstanding feat is a triumph for ONGC and underscores its dedication to technological development and ushering in operational excellence within the oil and fuel business to boost output and additional safe India’s power curiosity,” the corporate mentioned in a launch.

Catch all of the Trade Information, Banking Information and Updates on Stay Mint. Obtain The Mint Information App to get Day by day Market Updates.
Extra Much less

Up to date: 22 Jun 2023, 07:45 PM IST


Posted

in

by