50-yr-old Sagar Samrat rig re-opened as mobile offshore production

50-yr-old Sagar Samrat rig re-opened as mobile offshore production unit

Back To Homepage Subscribe To RSS Feed

Breaking News

Deputy CM Ensures Land ROR Distribution for Bondas, Reviews Bonda Ghati Progress Iswar Addanki Malkangiri,Odisha,21.12.2024 -Deputy Chief Minister Smt. Parvathi Parida reviewed the distribution of land and common forest titles under the Vasundhara Yojana in Bonda areas like Mudulipada, Baddural, Andrahal, and...
Emerging Climate Leaders Share Insights from COP29 By Our Staff Reporter Bhubaneswar, Dec 20: A dissemination meeting was organized today by Youth4Water Plus, with support from UNICEF Odisha, to share key takeaways and experiences from the...
108-foot monumental National Flag unveiled at Rama Devi Women’s University, President Droupadi Murmu’s alma mater By Manoj Jena Bhubaneswar, Dec. 18: A 108-foot monumental national flag, installed by the Flag Foundation of India, was unveiled on Wednesday at Rama Devi Women’s University in Bhubaneswar, Odisha....
IMFA Joins Hands with JSW Green Energy for Renewable Power Supply By Swagatika Bhutia Bhubaneswar, Dec. 18: Indian Metals & Ferro Alloys Ltd (IMFA), a leader in ferrochrome production, has entered a joint venture with JSW Green Energy to secure renewable...
India’s first cyclone-resistant 220kv transmission line commissioned in Odisha By Payal Banarjee Bhubaneswar, Dec. 17: Empowertrans, a Bhubaneswar-based electrical engineering firm, has successfully commissioned India’s first cyclone-resistant 220kV double-circuit (D/C) transmission line in coastal Odisha. The announcement was made...

50-yr-old Sagar Samrat rig re-opened as mobile offshore production unit

January 30

08:53 2023

Print This Article Share it With Friends

by indadmin

NEW DELHI, JAN. 30: Re-dedicating the iconic Sagar Samrat drilling rig, as a mobile offshore production unit to the nation, Union Minister of Petroleum and Natural Gas Hardeep S Puri said that besides operating in the deep waters now, the Oil and Natural Gas Corporation’s (ONGC) platform will also be able to explore resources which have remained untapped.

“A positive step in India’s steady journey towards energy self-sufficiency by 2047, this unit will be able to operate in deep waters and will open up new opportunities to access previously untapped reserves.” Puri said. Speaking at the event, the Minister said that the government intends to increase India’s exploration acreage to 0.5 million sq km by 2025 and 1.0 million sq km by 2030.

He also said that the government has been successful in reducing the ‘No Go’ area by 99 per cent, thereby making available an additional 1 million sq km of India’s EEZ for exploration. Several MNCs have showb keen interest to invest in the Indian E&P segment, and some are already in talks with ONGC for firming up mutually beneficial partnerships.

Dedicating the rig to the nation, the minister said that this state-of-the-art facility will handle up to 20,000 BPD of crude oil, with a maximum export gas capacity of 2.36 MCM per day & is expected to add 6000 bbls/day of oil to India’s production in the coming days. “Re-coronation of Sagar Samrat is a testament to the courage and willingness to make a difference in the face of uncertainties and the tumultuous forces of nature through re-alignment and innovation,” Puri said.

In a tweet, Puri said, “Sagar Samrat now rules the sea as a Mobile Offshore Production Unit. Joined energy soldiers of ONGC At the re-coronation of a valuable asset. Sagar Samrat Rig built in 1973 was instrumental in 14 key offshore oil & gas discoveries & drilled around 125 wells.”

Commissioned in 1973, Sagar Samrat turned the tides of India’s oil fortune by putting it on the global oil map. In 32 years, Sagar Samrat has drilled almost 125 wells and has been involved with 14 key offshore oil and gas discoveries in India.

-TNIE