Companies & Sectors
RIL, BP to invest around Rs6,000 crore to improve gas recovery

Gas output from D1 and D3 fields in KG-D6 block has fallen from about 54 mmscmd achieved in 2010-11 to just over 8 mmscmd


Reliance Industries Ltd and its partner BP Plc of UK will invest about Rs6,000 crore by 2016 to help sustain and improve recovery from the two main gas fields in the eastern offshore KG-D6 block.
Also, the two companies are working to develop 3-4 trillion cubic feet of gas discoveries off the east coast, BP India head Sashi Mukundan said at the India Energy Congress on Wednesday.
He said the focus area was enhanced oil recovery as even a 1% enhancement can add almost 8% to the existing proved reserves of India — about 450 million barrels of additional reserves.
“The same goes in terms of how we can extract gas from tighter and difficult reservoirs. Take the case of BP and RIL, an investment of Rs5,000 to Rs6,000 crore in the 2014-2016 timeframe is enabling deployment of world-leading technologies for deep-water gas for the first time in India to sustain production and improve recovery from the two existing fields,” he said.
Gas output from Dhirubhai-1 and 3 (D1&D3) fields in KG-D6 block has fallen from about 54 million standard cubic meters per day achieved in 2010-11 to just over 8 mmscmd due to unexpected water and sand ingress shutting wells after wells.
The block as well as NEC-25 off the Odisha has many discoveries which the two firms are focussing on.
“We have 3-4 tcf of discoveries in new fields that we are working to develop in the next several years,” he said.
He said the government needs to support and unshackle industry to attract players to participate in this very capital intensive and risky business.
The government, he said, needs to play a key role as an enabler, and provide flexibility and space for participants to work at scale and build competitiveness.
“Globally, this is an industry which is used to assuming large risks including market risk and managing without any Government support”, he said while calling for an enabling policy and regulatory environment including the freedom to market and price, with minimum intervention.
“In fact, it is well appreciated that the government assumes zero risk but benefits through taxes, royalty and profit share, in addition to the economic and developmental benefits to the nation,” he said.
India’s energy consumption is rising faster than any other nation — hydrocarbon needs are expected to rise by 120% to more than 1,100 million tonnes of oil equivalent by 2035.
“The country needs to choose its options and align its energy mix wisely,” he said, adding the Indian oil and gas sector is rich with opportunity and can attract many potential takers.


Fadnavis orders probe into goof-up in Obama dinner invite
The invitation to the dinner, hosted by Rashtrapati Bhavan for the US President, had been delivered at Delhi’s Maharashtra Sadan on 17th January, but was not forwarded to Fadnavis in time
Maharashtra Chief Minister Devendra Fadnavis, who missed a dinner date with US President Barack Obama, on Wednesday said he will look into reasons behind the invite not reaching him in time, though it was received at Maharashtra Sadan in Delhi over a week before the event.
“The invitation was received on 17th January. The official concerned sent it to Mumbai by speed post,” Fadnavis told reporters in Mumbai.
“The resident commissioner at Delhi has been asked to send a detailed report. Action will be taken as per rules,” he said.
The invitation to the dinner, which was hosted by Rashtrapati Bhavan for the US President, had been delivered at Delhi’s Maharashtra Sadan on 17th January, but was not forwarded to Fadnavis in time.
The Chief Minister and his wife Amruta Fadnavis were among the dignitaries present at the high tea hosted for US President Barack Obama and his wife Michelle at Rashtrapati Bhawan on Sunday.
Amruta was later quoted as saying: “I told Michelle Obama I have always admired her. I follow her activities and efforts towards social causes and how she is a role model for women worldwide.”
She said that she will “always cherish these proud moments of greeting President Obama and his wife.”




Suketu Shah

2 years ago

Politics by govt babus who work for Congress still who have to be thrown out of their jobs.

Is Mumbai’s bottled water high in toxin content?

A BARC study says that there were carcinogenic chemicals in bottled water samples in Mumbai


A Bhabha Atomic Research Centre (BARC) study observed that there were carcinogenic chemicals in bottled water samples in Mumbai. It recommends higher standards for disinfection by-products in the bottled water.  The Bureau of Indian Standards has stringent limits on presence of chemicals and radioactive substances in bottled water. These however, do not include disinfection by-products like bromates and chromates. Hence, in the present system the bromates found in bottled water do not violate any Indian standard for drinking water, says a report.
The World Health Organisation (WHO) has limits of 10 micrograms per litre for bromates in drinking water. According to the BARC study, only five samples of the bottled water in Mumbai showed bromates exceeding this limit.
The International Agency for Research on Cancer (IARC) classifies bromates as Group 2B carcinogens that could possibly cause cancer in human beings.
Thus disinfecting processes used in bottled water may not themselves be safe for consumption. Tap water does not have these problems but could have a higher level of infection.


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