State-owned Oil and Natural Gas Corp (ONGC) has restored 100 per cent gas supplies from its flood-hit Hazira complex in Gujarat.
ONGC raised daily supply to 40 million standard cubic meters per day on September 8, 20 days ahead of the initial schedule of September end, with the start of its seventh Gas Sweetening Unit (GSU).
It had resumed gas supply on August 19, after a two-week shutdown due to floods.
The biggest gas processing unit of the country, which supplies gas to the cross country Hazira-Vijaipur-Jagdishpur (HVJ) pipeline, was shut down on August 7, due to flood waters from the adjoining river Tapi.
Preliminary estimates put the revenue loss during the entire shutdown period at about Rs 500 crore and profit loss at over Rs 200 crore.
As per the ONGC's insurance policy for onshore facilities, insurers would pay for all repair, replacement and refurbishment after deducting 2-million dollars (Rs 9.2 crore).
ONGC resumed gas supply of 6 mmscmd on August 19, two days ahead of schedule. It then boosted the supplies to 12 mmscmd on August 21.
Processing was further increased to 18 mmscmd on August 26 and 23 mmscmd on August 23. Gas supplies touched 28 mmscmd on September 2 and 33 mmscmd on September 7.
Hazira plant supplies gas to more than 18 downstream industries through HVJ pipeline of GAIL.
The shutdown of the plant, which received 40.5 mmscmd gas from ONGC's Bassein and B-55 fields and ONGC-Reliance-BG operated Panna/Mukta and Tapti fields, cost ONGC Rs 21 crore in revenues and Rs 16-17 crore in profits per day.
ONGC's Hazira produced 1,650 tonnes of LPG, 3,350 tonnes of aromatic naphtha, 417 tonnes of kerosene and 48 tonnes of diesel and supplied 40.5 mmscmd gas to the Hazira-Vijaipur-Jagdishapur (HVJ) pipeline for shipment to industries in the north.