Gas from 17 marginal ONGC fields for sale
After years of inaction, ONGC is actively scouting for customers for gas from 17 isolated marginal fields in Gujarat, Andhra Pradesh, Tamil Nadu and Assam.
Anyone interested has until October to bid for gas from five fields at Rajahmundry in Andhra Pradesh: Vygreswaram and Penugonda, each with 10,000 cm/d available; Malleswaram with 6000 cm/d; Kammapalem with 25,000 cm/d; and GS-49 with 30,000 cm/d. Bids for the other twelve fields must be in by September.
These include five fields in Gujarat: Gamij at the Ahmedabad asset; and the Kim, Katpur, Kosamba and Olpad fields at Ankleshwar. Gamij can produce 5000 cm/d for five years.
Kim and Kosamba can each also produce 5000 cm/d; Katpur can yield 4000 cm/d; but Olpad is the prize with a whopping 97,000 cm/d available. All bidders stand a good chance of getting gas but ONGC will give priority to fertiliser producers in keeping with the government's Gas Utilisation Policy, 2008.
Next in line are LPG producers, followed by gas-fired power stations; CGD operators selling piped gas to households and CNG fuel to cars; steel producers; refineries and petrochemical complexes; and CGD operators who sell piped gas to factories and businesses. "We will sell gas on a first come, first served basis," adds ONGC.
"Bid quickly and you can win." In Tamil Nadu, ONGC is offering 25,000 cm/d from its Cauvery fields. In Assam, gas is offered from six fields: Kasomarigeol, Nambher, Khoraghat 9 (a) and Khoraghat 9 (b) in Nazira; and Bhubandu and Banaskandi in the Assam-Arakan basin.
Here Bhubandu is the trophy with 100,000 cm/d available for seven years while Banaskandi might yield 50,000 cm/d for 15 years.
