Malleswaram has the highest potential in the basin, says official
Chief Manager of the Oil and Natural Gas Corporation (ONGC) S.S. Reddy on Monday said the ONGC had decided to step up its activities relating to exploration of oil and gas in the Krishna-Godavari basin.
Making a power point presentation on the ONGC activities at a workshop on security of vital installations here, he said Malleswaram in Krishna district was identified as one of the richest oil reserves in the K-G basin.
He said it was programmed to tap the gas and oil potential at the particular drilling site.
Revenue
Mr. Reddy said the ONGC was poised to strive for a two-fold increase on the production front and three-fold increases in revenues in the K-G basin in the current fiscal.
Mr. Reddy said the ONGC could ensure that the K-G basin was a blowout-free zone in the last six years.
Mr. Reddy drove his point home saying the corporation had evolved the world class anti-blowout systems after the major blowout that struck at its drilling site at Pasarlapudi in East Godavari district nearly two decades ago.
He said disasters in the form of fire or blowout or release of radio active materials might happen at the time of drilling.
But the ONGC was taking all steps such as installation of fire tankers and water tankers and water sprayers at all the drilling sites for prevention of disasters, Mr. Reddy asserted.
Overseas business
N. Selvaraju, Chief Manager (Operation and Maintenance), Gas Authority of India Limited (GAIL) said the GAIL was going global with a wholly-owned subsidiary unit in Singapore for pursuing overseas business opportunities including liquefied natural gas (LNG ) and petrochemical trading, apart from a similar unit in Texas.
Besides, the GAIL and China Gas have formed a joint venture company for exploring gas sector opportunities in China.
Meanwhile, the claim of Sevya, Senior General Manager, Hindustan Petroleum Corporation Limited, over safety measures ensured in transit of the petroleum products came in conflict with the Andhra Pradesh State Disaster Response and Fire Services department.
Even as Mr. Sevya claimed to have been transporting petroleum products to the retail outlets of the HPCL by trucks with a fire safety certificate issued by a private agency, D. Muralimohan, Regional Fire Officer, Eastern Region, asserted that any certificate issued by private agencies would stand unauthorised.
West Godavari SP M. Ramesh conducted the programme.
Chief Manager makes a power-point presentation on the ONGC activities at the workshop The corporation has evolved the world class anti-blowout systems, he says
