CATEGORIZED | News

ONGC draws plan to fight insurgency on oil installations

Posted on 20 August 2008

The meeting was chaired by CMD RS Sharma and was attended by FODAG, Coast Guard, IB and other senior management of ONGC, including board members and executive directors of Western Offshore. Detailed discussions were held on the possible threat perceptions and preparedness to meet any untoward eventuality.

The meeting assumes high significance from national security perspective as ONGC has its major oil-producing assets in Western Offshore along the extensive coastline of Maharashtra and Gujarat having investment of around US$24 billion with daily contribution of 335,000 bbl of oil and 41 million cu m of gas.

Mr Sharma said there can be no compromise on the security and safety of oil and gas processing facilities. He reiterated that the design of insurgency is to destabilize the economy of the country and as a major upstream company, it’s “ONGC’s endeavor and commitment to ensure a secure and sufficient supply of energy availability to the billion population country. Security of the producing assets is a critical step towards this challenge.”

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 27 January 2015

    Lower 48 oil production outlook stable despite expected rig count reduction

    The sharp decline in oil prices over Q4 2014, which has continued in January, is already having a significant effect on drilling activity in the US, as...

  • 27 January 2015

    Hess Corp announces 2015 capital, exploratory budget

    Hess Corp announced a 2015 capital and exploratory budget of $4.7 billion, a 16% reduction from its 2014 actual spend of $5.6 billion. Of this, $2.1 billion (45%) is budgeted for unconventional shale resources...

  • 26 January 2015

    Young professionals program at SPE/IADC Drilling Conference to target future leaders of the industry

    The oil and gas industry is constantly looking to the future. Whether this comes in the form of pushing the limits of pressure...

  • 22 January 2015

    Tullow Oil moves ahead with exploration, appraisal drilling onshore Kenya

    Tullow Oil has announced updates on several onshore projects in Kenya, including the Expir-1 exploration, Engomo-1 exploration, the Ngamia and Amosing...

  • 22 January 2015

    Petrobras reduces operating costs, time with new pre-salt subsea equipment deployment technique

    At the end of last year, Petrobras deployed its first wet Christmas tree using cables in the pre-salt area. The main change involved was the use of a subsea equipment...

  • Read more news