Oil & Natural Gas Corporation (ONGC's) Assam Asset has registered the highest ever quarterly gas sales in a decade and achieved all its targets during the quarter ended December 31, 2011.
The asset achieved the oil production target at 100.1% (0.3031 million metric tonne) against the planned figure of 0.3028 MMT on the last day of the quarter, a press release issued by the company said.
On the gas production front, the asses improved its earlier performance by achieving a production level of 123.9 mmscmd against the planned 119.3 mmscmd, it added.
The company's Assam asset also registered 8-10% enhancement in asset gas sales over previous quarters and touched the highest daily gas sales figure of 761,457 LSCMD on November 22, 2011, achieving the highest ever quarterly gas sales figure of 65.3 mmscmd since 2001-02, it said.
The asset is now eyeing an annual target of 250 mmscmd, which will be the highest in last 10 years and is pursuing the matter aggressively with the government authorities.
On the development drilling front, the assest saw drilling of five wells and for the first time, the state-of-art technology 'Rotary Steerable System (RSS)' was used in the wells.
On the work over front, the asset over-achieved its target well in advance by working over 52 wells against a target of 45 wells, the release added.
....more info
The asset achieved the oil production target at 100.1% (0.3031 million metric tonne) against the planned figure of 0.3028 MMT on the last day of the quarter, a press release issued by the company said.
On the gas production front, the asses improved its earlier performance by achieving a production level of 123.9 mmscmd against the planned 119.3 mmscmd, it added.
The company's Assam asset also registered 8-10% enhancement in asset gas sales over previous quarters and touched the highest daily gas sales figure of 761,457 LSCMD on November 22, 2011, achieving the highest ever quarterly gas sales figure of 65.3 mmscmd since 2001-02, it said.
The asset is now eyeing an annual target of 250 mmscmd, which will be the highest in last 10 years and is pursuing the matter aggressively with the government authorities.
On the development drilling front, the assest saw drilling of five wells and for the first time, the state-of-art technology 'Rotary Steerable System (RSS)' was used in the wells.
On the work over front, the asset over-achieved its target well in advance by working over 52 wells against a target of 45 wells, the release added.
....more info