Due to the deteriorating security situation in South Sudan, Oil and Natural Gas Corporation’s (ONGC) wholly owned subsidiary- ONGC Videsh has decided to temporarily shut down the operations in its oilfields. The shutdown was executed methodically as per its standard shutdown procedure, ensuring safety of personnel / equipments and smooth resumption of operation immediately after normalization of the security situation. Following the shutdown, the production from the oilfields was completely stopped from 22nd December 2013.
OVL in coordination with the Indian Embassy in South Sudan has evacuated all its 11 personnel posted in South Sudan. Other partners of OVL in the assets have also evacuated most of its personnel from the country. OVL is closely monitoring the security situation in the country and is in constant interaction with its partners in the assets and the Indian Embassy at Juba. Operations will be resumed once the situation is normalized.
ONGC Videsh (OVL) is operating in two producing assets in South Sudan through its Joint Operating Companies, Greater Pioneer Operating Company (GPOC) and SUDD Petroleum Operating Company (SPOC) with Participating Interest (PI) of 25% and 24.125% respectively. GPOC is producing close to 37000 bopd (OVL share 9250 bopd) from Block 1,2,4 and SPOC is producing close to 4600 bopd (OVL share 1100 bopd) from Block 5A . While the partners of OVL in GPOC are CNPC, Petronas and Nilepet, in SPOC OVL has partnership with Petronas and Nilepet.
OVL in coordination with the Indian Embassy in South Sudan has evacuated all its 11 personnel posted in South Sudan. Other partners of OVL in the assets have also evacuated most of its personnel from the country. OVL is closely monitoring the security situation in the country and is in constant interaction with its partners in the assets and the Indian Embassy at Juba. Operations will be resumed once the situation is normalized.
ONGC Videsh (OVL) is operating in two producing assets in South Sudan through its Joint Operating Companies, Greater Pioneer Operating Company (GPOC) and SUDD Petroleum Operating Company (SPOC) with Participating Interest (PI) of 25% and 24.125% respectively. GPOC is producing close to 37000 bopd (OVL share 9250 bopd) from Block 1,2,4 and SPOC is producing close to 4600 bopd (OVL share 1100 bopd) from Block 5A . While the partners of OVL in GPOC are CNPC, Petronas and Nilepet, in SPOC OVL has partnership with Petronas and Nilepet.
No comments:
Post a Comment