OIL exploration at cochin<br />By  MANOJ SANKAR .P<br />
OIL & GAS INDUSTRY OVERVIEW<br />Oil and Gas Industry in India is a 110 billion USD industry <br />The Indian oil & gas de...
A rapid increase is also seen in the demand of oil & gas exploration and drilling equipment and services<br />The oil & ga...
ONGC<br />Oil and Natural Gas Corporation Limited ( ONGC India) is considered Asia&apos;s best Oil & Gas company<br />It r...
ACTIVITIES<br />Cumulatively producing 685 Million Metric Tonnes (MMT) of crude and 375 Billion Cubic Meters (BCM) of Natu...
EXPLORATION AT COHIN?<br />The Oil and Natural Gas Corporation  started drilling operations in the Kerala-Konkan basin off...
ONGC has plans to start ultra deep drilling in a nearby location and the details of the project will be worked out based o...
Action plan<br /> ONGC plans to carry out exploration activities to a depth of 6,500 metres, <br />making it the first tim...
challenges<br />a commercial hydrocarbon strike remains elusive in spite of few wells giving hydrocarbon indications. <br ...
In the first stage, ONGC engaged a rig that could drill up to 1,000 metres. But as the basin had rocks below the sea, a mo...
conclusion<br />According to scientists, the geological samples obtained under the sea matched seismic and geo-chemical st...
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Oil Exploration At Cochin

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its all about the oil exploration that was conducted by ongc nowadays at cochin

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Oil Exploration At Cochin

  1. 1. OIL exploration at cochin<br />By MANOJ SANKAR .P<br />
  2. 2. OIL & GAS INDUSTRY OVERVIEW<br />Oil and Gas Industry in India is a 110 billion USD industry <br />The Indian oil & gas demand ranks it sixth in the world<br />Nearly 70% of the petroleum oil requirements of India are met by the imports.<br />To tackle this, large-scale oil and gas exploration and drilling is being undertaken.<br />
  3. 3. A rapid increase is also seen in the demand of oil & gas exploration and drilling equipment and services<br />The oil & gas fields both onshore and offshore provides mass employment opportunities<br />also contribute in a wholesome way in increasing the oil & gas reserves of India.<br />
  4. 4. ONGC<br />Oil and Natural Gas Corporation Limited ( ONGC India) is considered Asia&apos;s best Oil & Gas company<br />It ranks as the 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004. <br />It ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004). ONGC was ranked 17th till March 2004<br />
  5. 5. ACTIVITIES<br />Cumulatively producing 685 Million Metric Tonnes (MMT) of crude and 375 Billion Cubic Meters (BCM) of Natural Gas, from 115 fields. <br />Represents India&apos;s Energy Security<br />The development activities of ONGC has been planned on sound ecological principle and incorporates appropriate environmental safeguards. <br />
  6. 6. EXPLORATION AT COHIN?<br />The Oil and Natural Gas Corporation started drilling operations in the Kerala-Konkan basin off Kochi<br />ONGC is engaged in exploratory activities in the Kerala-Konkan offshore since 1977 and over this period 12 exploratory wells have been drilled in the basin<br />ONGC had identified the area as Cochin Offshore, which is 70 nautical miles from the Cochin coast<br />
  7. 7. ONGC has plans to start ultra deep drilling in a nearby location and the details of the project will be worked out based on the outcome of the present exploration<br />It was in December 2008 that presence of hydrocarbons in the area became clear and the corporation started serious discovery efforts<br />
  8. 8. Action plan<br /> ONGC plans to carry out exploration activities to a depth of 6,500 metres, <br />making it the first time that ultra deep explorations are being carried out in the region. <br />early results of the ultra deep oil exploration would be available in 100 days. <br />The exploration under way required Rs.400 crore at an average of Rs.4 crore a day<br />it would take six-seven years to begin commercial production<br />
  9. 9. challenges<br />a commercial hydrocarbon strike remains elusive in spite of few wells giving hydrocarbon indications. <br />Nine of the 12 wells are in the shallow water, where exploration activities do not go beyond a depth of 400 metres<br />in the first phase, drilling operations will be carried out to a depth of 2,080 metres and this process is expected to be completed with in a month.<br />
  10. 10. In the first stage, ONGC engaged a rig that could drill up to 1,000 metres. But as the basin had rocks below the sea, a more powerful rig was needed. <br />The rig from Reliance that could drill up to 6,000 metres. It is now positioned around 120 nautical miles off the Kochi coast.<br />
  11. 11. conclusion<br />According to scientists, the geological samples obtained under the sea matched seismic and geo-chemical studies and the chemical study results stand positive for further drilling.<br />Most of the preliminary exploratory drilling confirmed the presence of hydro-carbon, carbohydrate and other chemicals.<br />Experts say it is a major leap for oil and gas exploration in the country as the basin might be an abundant source of oil and natural gas.<br />

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