ONGC plans offshore multi-complex | india | Hindustan Times
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ONGC plans offshore multi-complex

ONGC draws up a plan to set up an Integrated Offshore Supply Base-cum-Processing unit near Kona coast in east Godavari District of Andhra Pradesh.

india Updated: Aug 04, 2008 01:06 IST

To expedite development of its oil and gas finds off the coast of Andhra Pradesh, oil major Oil and Natural Gas Corporation Ltd. (ONGC) has drawn up a plan to set up an Integrated Offshore Supply Base-cum-Processing unit near Kona coast in east Godavari District of Andhra Pradesh.

Plans are also in hand for an onshore terminal at Odalarevu/Boppavaram, to receive and process natural gas from the deep water finds at Vashista and S-1 fields, expected to be around 6 million metric standard cubic metres per day in phase II.

The integrated offshore supply base is expected to boost ONGC’s exploration and production Production efforts on the east coast. ONGC has struck oil and gas in its offshore exploration programme in the Krishna-Godavari basin.

Apart from housing a bonded warehouse for stocking duty-free materials for offshore, the complex will also have a pipe yard, bulk handling facilities, captive jetty to berth offshore supply vessels, Heli-base, laboratories, workshop and a office-cum-communication centre.

The cost of developing all the offshore fields and onshore terminals in the area would be around $3 billion (over Rs 12,000 crore).

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