Dec 05:
Among major E&P companies in India, the following developments are of importance: ONGC 8Vashistha to commence production of 4.5mmscmd from 4QFY18 – will command HPHTpricing. 8The company has readied a capex of INR75.6b on GSPC’s DD block at INR19b in 1HFY18. 8The B127 development is on schedule. 8Tenders for Ratna/R-series have been invited; will be awarded soon. 8KG-DWN-98/2 – no issues in DOC; tenders would be awarded by April 2018. Expect minor delay -- gas from November 2019, oil from April 2020 RIL-BP 8Gas production at KG D6 has declined to 5.4 mmscmd. 8Award of long lead items for development of R-series is being carried out. Production of 12mmscmd is expected to commence in mid-2020. 8FDPs of MJ and satellite fields are expected to be filed in 2 HFY18. Click on Reports for more