ONGC, oil firms halt operations in western offshore

Image
Press Trust Of India New Delhi
Last Updated : Jan 21 2013 | 12:29 AM IST

State-run Oil and Natural Gas Corporation today suspended drilling operations in the western offshore while other oil companies took steps to protect their installations from a tropical cyclone in the Arabian Sea.

However, crude oil and natural gas production from fields in the western offshore and operations at refineries and liquefied natural gas (LNG) import terminals on the west coast remained unaffected by the cyclone.

“We are on full alert and have suspended all drilling and offshore maintenance and construction work (off the Mumbai coast),” said ONGC Chairman and Managing Director R S Sharma. “We are taking all precautions and I don’t think the storm will have any major impact on any of our assets.”

The western offshore is the home to the nation’s largest oil and gas fields of the Mumbai High and Bassein. The fields produce 320,000 barrels per day, or about half of the nation’s total crude output.

Besides, over 45 million standard cubic metres of natural gas is produced from Mumbai High, Heera and Bassein.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 12 2009 | 12:55 AM IST

Next Story