Reliance started natural gas production from the KG-D6 fields in April 1, 2009, with output of about 40 mmscmd
Reliance Industries has seen gas output from its eastern offshore KG-D6 gas fields drop to a fresh all-time low of 39.80 million standard cubic metres per day.
Natural gas production from the Dhirubhai-1 and 3 gas fields and the MA oilfield in the KG-DWN-98/3, or KG-D6, block in the Krishna-Godavari Basin of the Bay of Bengal stood at 39.80 mmscmd in the week ended December 4, according to a status report filed by the company with the Oil Ministry.
The output comprised 32.94 mmscmd from the D1 and D3 gas fields and 6.86 mmscmd from the MA oilfield. The KG-D6 production is lower than 61.5 mmscmd rate achieved in March 2010, as a drop in pressure in the wells and increased water ingress has led to a lower per-well gas output. The report said of the 18 wells drilled, completed and put on production in the D1 and D3 fields, four wells--A2, B1, B2 and B13--had to be shut or closed due to high water cut/sanding issues.
The output from KG-D6 is short of the 70.39 mmscmd-level (61.88 mmscmd from D1 and D3 and 8.5 mmscmd from the MA field) envisaged by now as per the field development plan approved in 2006.
While Reliance holds 60% interest in KG-D6, UK’s BP Plc holds 30% and Niko Resources of Canada the remaining 10%. Reliance started natural gas production from the KG-D6 fields in April 1, 2009, with output of about 40 mmscmd.
The MA oilfield currently produces about 12,715 barrels of crude oil per day. In addition, 1,831 barrels of condensate are produced from the field every day. The report said 14.89 mmscmd of the gas output is being sold to fertiliser plants and 22.02 mmscmd to power plants.
The remaining 2.89 mmscmd is consumed by other sectors, including those fed by the East-West pipeline that transports gas from the East Coast to consumption centres in the West. Reliance had projected an output of 39.50 mmscmd of gas during December.
As per the status report, out of the 22 wells planned in Phase-I of D1 and D3 field development, 18 wells have been drilled and completed so far. Of these, 14 wells were put on production, while four wells were kept closed due to high water cut and sanding issues.
In the late afternoon, Reliance was trading at around Rs746 per share on the Bombay Stock Exchange, 0.58% up from the previous close.
The joint venture company will supply equipment for the 100-MW Namrup Power Station in Assam and 726-MW combined cycle power plant Palatana of ONGC Tripura Power Corporation
NTPC-BHEL Power Projects Pvt Ltd (NBPPL), a 50:50 joint venture of state-owned NTPC and BHEL for manufacturing power equipment, will start operations next fiscal, a senior company official has said.
“The infrastructure for NTPC-BHEL joint venture company would be ready by March 2012... and it would start production next year (financial year),” NTPC chairman-cum-managing director, Arup Roy Choudhury, who is also the chairman of NBPPL, told reporters on the sidelines of National Energy Conservation Day.
The company already has orders in hand, which it received from NTPC and BHEL at the time NBPPL was incorporated in April 2008. It will start manufacturing plant equipment such as transformers, switchgears, meters and automation systems from its facility in Andhra Pradesh.
NBPPL will supply equipment for the 100-MW Namrup Power Station in Assam and 726-MW combined cycle power plant Palatana of ONGC Tripura Power Corporation.
It would also take up execution of 500-MW Singrauli Thermal Power Plant and 600-MW Thermal Power Plant at Rayalseema of Andhra Pradesh Power Generation Corporation Ltd (APGENCO).
On whether the joint venture company is scouting for a technological partner, Mr Choudhury said: “Right now the focus is on starting operations... later we will see whether we need any kind of tie up with a foreign company.”
The joint venture was formed to carry out engineering, procurement and construction (EPC) contract for power plants and infrastructure projects as well as manufacture and supply of equipment. The joint venture firm falls under the administrative control of the Ministry of Heavy Industries and Public Industries.
In the late afternoon, NTPC was trading at around Rs166 per share on the Bombay Stock Exchange, 1.87% up from the previous close, while BHEL was trading at around Rs251 per share, 2.03% down from the previous close.
Tech Mahindra will be rolling out a wider range of services for the MEA region's telco providers
Tech Mahindra, the IT arm of the Mahindra & Mahindra Group, is looking to expand its reach in the West Asia and Africa (MEA) region by tapping into newer markets and industry verticals, as well as forge new strategic partnerships with key businesses, to drive revenues.
Toward this objective, the systems integrator and business transformation consulting organisation has said it will reinforce its leadership and focus across operations in the region. In line with this move, Tech Mahindra recently appointed Girish Bhat as the new vice-president of sales and operations for MEA region. He is expected to drive business and synergies for the company.
The increasing popularity of business process outsourcing (BPO) and security solutions has made these areas new focal points for growth across the MEA region.
Tech Mahindra announced that it will be rolling out a wider range of services for the MEA region's telco providers, adding new offerings like value-added services (VAS), BPO, e-security, infrastructure management and network services.
"As the whole MEA region moves toward recovering from the impact left by the recent economic downturn, local telco providers have demonstrated a key shift in their IT spending practices, revealing a concentration on acquiring turnkey outsourcing of applications across the business support services (BSS)/operations support services (OSS) segments," said Bhat.
Bhat has more than 22 years of industry experience that spans diverse geographies. Prior to his new position, he served as the head of the Africa region at Tech Mahindra, where his leadership skills and strong business acumen were instrumental in strengthening the company's business in the continent.
In the late afternoon, Tech Mahindra was trading at around Rs575 per share on the Bombay Stock Exchange, 3.65% up from the previous close.