Rediff.com » Business
ONGC finalises Rs 8,000-cr revamp plan
Source: PTI November 02, 2012 11:05 IST
Oil and Natural Gas Corporation has finalised a Rs 8,000 crore (Rs 80-billion) surface facility revamping programme for its three onshore assets in Gujarat, a top company official has said.
The three onshore mature assets are Ankleshwar, Ahmedabad and Mehsana, ONGC chairman and managing director Sudhir Vasudeva told reporters in Vadodara on Thursday.
Vasudeva
said the project aims at replacing old pipelines and other surface infrastructure in the next three years.
The three mature assets contribute a little over one-fifth of ONGC's total domestic crude production, he added.
Vasudeva said some of these pipelines are three to four decades old and leakages are common, leading to operations as well as environmental concerns.
The company will also invest in expanding capacities of its effluent treatment plants of offshore assets, he said.
Source:
PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
Recommended by Rediff.com
Cong says Guj govt's company rigging pipeline bidding
The complete list: Who got what portfolio in reshuffle
Did not award KG-D6 block to RIL: Govt
Oil Min blocks PSUs buying Gujarat Gas stake
Autos drive markets higher
© 2024 Rediff.com