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 >>

Russia >>  12/5/2017 - NOVATEK has announced that Yamal LNG has commenced producing liquefied natural gas (LNG) at the first LNG train, with the nameplate capacity of 5.5 mi...
Nigeria >>  12/1/2017 - LEKOIL, the oil and gas exploration, development and production company with a focus on Africa, is pleased to announce an increase in current producti...

Russia >>  11/30/2017 - OPEC and non-OPEC oil giant Russia agreed to extend production cuts until the end of 2018. The move was heavily telegraphed ahead of the decision, but...
Canada >>  11/29/2017 - Exxon Mobil Corporation (XOM) announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce...

Iraq >>  11/29/2017 - Iraq is planning to increase production from the giant Rumaila oilfield to about 1.5 million barrels per day (bpd) in 2018, the head of Rumaila operat...
Kuwait >>  11/29/2017 - Kuwait Oil Minister Essam Al-Marzouq said Tuesday a ministerial market monitoring committee would examine oil output levels for October and producers'...

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.