| Author | Message | ||
     Gandhiguevara Junior Artist Username: Gandhiguevara Post Number: 882 Registered: 10-2009 Posted From: 98.249.223.223 Rating: N/A |
link ettu tammudu... | ||
| Scallion Side Hero Username: Scallion Post Number: 2340 Registered: 05-2009 Posted From: 65.217.188.20 Rating: N/A |
Cont agree more.... Jai NTR, Jai Jai TDP | ||
| Scallion Side Hero Username: Scallion Post Number: 2339 Registered: 05-2009 Posted From: 65.217.188.20 Rating: |
KiKikIkI...... that says every thing.....
Mana YSR dochi pete time ki Iron mines gold mines ga maripoyi unaayi.... Jai NTR, Jai Jai TDP | ||
| Nbkfan Side Hero Username: Nbkfan Post Number: 7496 Registered: 04-2008 Posted From: 66.239.163.214 Rating: |
scallion, Obulapuram lo ade mines nastam vachi vodilesaru 2002 lo. inka reliance vadiki ee nastam teerchukotaniki vanda darlu unnai. gali gali lo kalispoyevadu teda vaste. china olympiad and world wide construction boom tho bagu paddadu. Reliance worth company aa kadha ani kadu disco state people emi miguluddhi. inka nayam top hero dates ichina movie flop ayithe producer edichannutu reliance story. rsik free business edhi undadu. opportunity ratam lone undhi kituku antha. aa lekkana ysr allocate chesinappudu gali kuda exp vundhi. NBK/YSR/OT | ||
| Kurtcobain_ Junior Artist Username: Kurtcobain_ Post Number: 138 Registered: 09-2008 Posted From: 198.231.23.244 Rating: |
It is just not just RELIANCE even Gujarat State Petroleum Corporation Ltd (GSPC) is taking gas from the KG-basin.. When Gujarat can set up Gujarat State Petroleum Corporation Ltd why can't Andhra Pradesh ? This was great oppurtunity missed by CBN. All it was needed was to setup an organization in partnership with an exploration company and bid for the oil and gas blocks like we have done recently.( One good thing YSR has done...) Infact CBN sitting out of the governament and providing outside support was a very foolish thing in my opinion. See how sambar guys are talking away key portfolios... GSPC plan for K-G Basin approved; IPO may follow soon http://www.blonnet.com/2009/09/20/stories/2009092050800200.h tm =============== Gandhinagar, Sept. 19 With the sector regulator Directorate-General of Hydrocarbons (DGH) today approving the gas field development plan for its Krishna-Godavari Basin asset, the road for blue-chip Gujarat State Petroleum Corporation Ltd (GSPC) to hit the capital market this fiscal to raise around Rs 5,000 crore has been cleared. Commercial production of 10 to 12 standard cubic metres per day (SCMD) of natural gas from GSPC’s assets in Andhra Pradesh is expected to commence in December 2011, Mr V.K. Sibal, Director-General of Hydrocarbons, said here, after participating with his team in a presentation made by the GSPC board of directors. The Government of India is also a partner in this GSPC asset which has two trillion cubic feet (TCF) of certified gas reserves so far. The Andhra Pradesh-Gujarat pipeline of Reliance Industries Ltd (RIL) would be used for evacuation of the gas produced. With this ambitious plan set to start now, GSPC would soon be scouting to rope in a leading global technology partner. =========================== | ||
| Scallion Side Hero Username: Scallion Post Number: 2338 Registered: 05-2009 Posted From: 65.217.188.20 Rating: N/A |
Just for your info.... articles ni istamochinatlu rayagalaru kani new ni kadu... Reliance lost a lot in GAS search in KG basin anedi fact and they invested huge anedi fact, they took calculated risk and they succeeded but if they would have lost imagine... nenu kinda china example ichanu chudu Jai NTR, Jai Jai TDP | ||
| Sachin Moderator Username: Sachin Post Number: 11663 Registered: 04-2008 Rating: N/A |
thamudu ee article evaru raasaaaru?..em ledu oka isssue ni mana istam vasssinattu raayossu....  What the F*** so great about ones caste or religion...idiots.. be humans first..... | ||
| Scallion Side Hero Username: Scallion Post Number: 2337 Registered: 05-2009 Posted From: 65.217.188.20 Rating: N/A |
Lot of Investment, Risk, Technology needs undi national economy ni impact cheyagala oka project ni all the needed qualities una oka industrial house ki ichinapudu valaki kaliginchee or kaliginchina vesulubatuni swardham tho mana variki dosi pete vatitho compare cheyandi swami..... rest mee chimakurthy granite Jai NTR, Jai Jai TDP | ||
| Scallion Side Hero Username: Scallion Post Number: 2336 Registered: 05-2009 Posted From: 65.217.188.20 Rating: N/A |
Canadian hydrocarbon explorer Niko Resources Ltd, which is a 10% partner with Reliance Industries Ltd (RIL) in the rich D6 block of the Krishna-Godavari, or KG, river basin off the eastern coast of India, has announced that the developers will spend almost a quarter more than the originally estimated capital expenditure (capex), in that block. Niko said in its annual results on 23 June that "the revised field development costs" for so-called oil discovery site "MA" are budgeted at $1.9 billion (Rs9,139 crore) and $6.3 billion for Dhirubhai D1 and D3 gas discovery sites, marking a total capex of $8.2 billion in phase I of the project. The capex estimate is a 23% increase over previously announced figures of $6.7 billion, noted a 23 June report by CLSA analysts Somshankar Sinha and Vikash Kumar Jain. Roughly $2.2 billion was expected to be invested in the fiscal year ending March by the Niko-RIL consortium, with the rest already invested till March this year. Jai NTR, Jai Jai TDP | ||
| Scallion Side Hero Username: Scallion Post Number: 2335 Registered: 05-2009 Posted From: 65.217.188.20 Rating: N/A |
Reliance Group dealt with all of the above and made KG-D6 the largest and most complex deepwater gas production facility in the world. It’s been the world’s fastest deepwater field development as it was accomplished in a record of six and a half years from discovery as against an average 8-10 years. It has the largest onshore gas handling plant with 80 MMSCMD (million standard cubic meters per day) capacity. The Early Production system (EPS) helped produce oil including FPSO (Floating, Production, Storage and Offloading) and sub-sea architecture in less than two years. It involved a peak workforce of 20,000 people inclusive of 200 contractors, consultants and suppliers in over 12 countries that made for project management and execution at a global scale. Reliance Group’s KG-D6 is India’s first deepwater oil and gas production facility with cutting edge deepwater technology for well construction and completion using state-of-the-art sub-sea technology. It is also the world’s largest marine construction with 89 vessels operated over an approximate area of 400 sq. km. and an installation of 11,000 metric tons of steel equipment with 450 line kilometers of pipelines and umbilicals. With India now being able to produce its own oil and gas it shall make for multiple positive impacts on the economy as a whole. The KG-D6 is only the first production from one field that is part of a larger discovery domain and is expected to contribute to foreign exchange and import bill savings as well as a subsidy reduction of $56 billion while increasing the nation’s GDP by $86 billion. The benefits of hydrocarbon oil and gas production will reach India’s millions as 550,000 barrels per day can provide CNG to over 50 million 2-wheelers, 5 million cars and 10 million trucks. It can help meet the lighting needs of 84 million urban and rural households as distributed power generation will make for 24,000 megawatts of power. The environmental benefits will also be significant as emission of harmful gases will be reduced manifold. The entire energy scenario of India will be revamped as the price approved for sale of gas from KG-D6 to regulated/specified end-use sectors by the Empowered Group of Ministers (EGoM) is $4.2/MMBTU, this shall save approx. $17 billion of foreign exchange that accounts for 30% of India’s net oil imports. Thereby competitiveness of India’s industrial sector will improve significantly. Further, 40 MMSCMD gas has been allocated by the EGoM to four key gas-based channels with the break up being: 18 to power, 14 to fertilizer, 5 to City Gas Distribution (CGD) and 3 to LPG. The fertilizer sector is expected to save Rs. 3450 crore in terms of fertilizer subsidy with this allocation. Higher supplies and infrastructure will automatically create demand which will further spur investment in the hydrocarbon sector. Jai NTR, Jai Jai TDP | ||
| Scallion Side Hero Username: Scallion Post Number: 2334 Registered: 05-2009 Posted From: 65.217.188.20 Rating: N/A |
From the discovery of the field in 2002, RIL knew it had a mammoth task on its hands to develop this gas field that lay in a basin with limited prior geological knowledge and production history in the most challenging frontier – the deepwaters. The key lied in accelerating skills and knowledge by understanding and implementing technology. The challenges faced were: a) To evacuate gas from reservoirs 60 kilometers offshore and up to two kilometers below sea bed. b) No production history to draw hints from. c) Dealing with the harsh operating conditions with cyclones, storms, swells and currents leaving only a four month construction window. As well as scorching temperatures of up to 50 degrees in summer, heavy rains and lack of skilled labor. d) Onshore barren land not being supportive of infrastructure. e) Multi billion dollar outlays and investment that made failure fatal. Jai NTR, Jai Jai TDP | ||
| Scallion Side Hero Username: Scallion Post Number: 2333 Registered: 05-2009 Posted From: 65.217.188.20 Rating: |
One well of Reliance Industries in the KG basin has turned out to be dry which has meant a loss of just Rs100 crore for the company but this has led to a loss of Rs17,420 crore of market capitalisation in a few minutes. The news of the dry well has sent shock waves across the market, with investors fearing that success ratio is not high enough in KG basin. Investors sold off Reliance shares (down by 5% to Rs2,041) fearing that more wells could turn out to be dry in the money-making oil and gas basin. In D6 block in the same area, Reliance is producing 40 million cubic metres of gas per day. Reliance had 90% interest in D9 block and that was shared by Hardy Oil and Gas for the remaining 10%. Hardy Oil and Gas, the exploration and production group, has kicked off a four-well drilling campaign in the D9 block. It drilled 4,875 metres in the first well in the sub-sea area and could not find substantial traces of oil and gas. Industry analysts say that the approximate cost for deep drilling of 4,875 metres is in the range of Rs 80 crore to Rs 100 crore per well. Krishna Godavari basin on the east coast of India covers an area of approximately 11,605 square km. The well has now been plugged and abandoned. Hardy Oil and Gas is a UK-based company and its share prices crashed by 40% during the day. The company also has exploration blocks in D3 blocks in Krishna Godavari Basin in India. Hardy Oil and Gas is an upstream international oil and gas company whose assets are principally in India and Nigeria. Its portfolio includes a blend of exploration, appraisal, development, and production assets Recently, Reliance has returned 14 blocks to the government saying that it could not find oil in these blocks. The company has spent over Rs 1,400 crore in these blocks which cannot be recovered. The news of a dry well comes at a bad time for Reliance Industries which is in a lawsuit with Anil Ambani in the Supreme Court. Anil Ambani has claimed gas worth 28 million cubic metre per day from D6 block at the price of $2.34 per mmbtu as against government settled price of $4.2 per mmbtu. Jai NTR, Jai Jai TDP |
