Gulf Oil and Gas accountACCOUNT

ONGC Videsh Sees Lower Oil & Gas Output in 2012/13

Source: Reuters 9/24/2012, Location: Africa

Share |
Oil and gas output from ONGC Videsh in 2012/13 will be less than last fiscal year's 8.7 million tonnes, its managing director said. Output from a south Sudan field has been halted over disputes, while production from Syrian fields has declined, D.K. Sarraf told reporters. State-run explorer ONGC invests in foreign assets through its unit ONGC Videsh Ltd.

"Production in north Sudan is almost normal, but south Sudan will take some months," Sarraf said. "Other than Sudan and Syria, we would try to catch up the production (from other fields) at last year's level, but some fields are also declining."

He hoped that output from overseas assets could get a boost from the next fiscal year as new fields in A1 and A3 in Myanmar would be commissioned.

India, the world's fourth-biggest oil importer, buys nearly 80 percent of its oil needs as expanding refining capacity has outpaced local oil output. ONGC's local oil output has been almost stagnant for years.

Production News in Sudan >>

Brazil >>  5/16/2018 - Petroleo Brasileiro S.A. – Petrobras reports that, in April, its total production of oil and gas, including natural gas liquids (NGL), was 2.68 millio...
Iran >>  5/15/2018 - The CEO of the Petroleum Engineering and Development Company (PEDEC) says the company is planning to ramp up crude oil production from the joint Azar ...

Russia >>  5/14/2018 - Site preparation and pre-development for a future diesel fuels hydrotreating facility has been started at the Gazprom Neft Omsk Refinery. The new comp...
Libya >>  5/13/2018 - Libya’s offshore Bahr al-Salam gas field has resumed operations with production of 380 million cubic feet per day, state firm NOC said after completin...

Egypt >>  5/10/2018 - Eni announces the start-up of the third production unit (T-2) of the Zohr project, increasing the installed capacity to 1.2 bcfd. Zohr is now producin...
Angola >>  5/9/2018 - Eni has completed the ramp-up of the Ochigufu field, in Angola’s deep offshore, reaching the production plateau of 24,000 barrels/day (b/d) less than ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Sudan Oil & Gas 1 >>  2 | 3 |

More News

 

Oil & Gas Companies in Sudan >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.