+
MRPL gets initial shipment from ONGC's deep-sea venture
OIL & GAS

MRPL gets initial shipment from ONGC's deep-sea venture

The Mangalore Refinery and Petrochemicals (MRPL) announced that it had received the first shipment of crude oil from the Oil and Natural Gas Corporation's (ONGC) KG-DWN 98/2 Block.

ONGC had initiated production from the deep-water KG-DWN 98/2 Block in the Krishna Godavari (KG) basin off the Bay of Bengal on the Kakinada coast in January. Prime Minister Narendra Modi had flagged off Swarna Sindhu, the vessel carrying crude oil to MRPL on March 2.

The sweet (low sulphur) indigenous crude is expected to undergo transformation into various fuels and petrochemicals at MRPL, making a significant contribution to the Athmanirbhar Bharath mission. MRPL received 60,000 metric tonne of crude oil or processing at its refinery at New Mangaluru Port.

Sanjay Varma, MRPL director (refinery), informed that the crude oil would be processed soon. He stated, "MRPL has software that selects the crude on an economic basis and according to other factors. We have the technical capability to process highly viscous crude to light crude, and high sulphur to low sulphur crude." Varma added, "We have 250 varieties of crude in our basket, and this refinery has the achievement of processing 100 types of crude. The refinery receives crude oil from various parts of the world, including the Middle East and from Mumbai High field, Mangala field in Rajasthan, and others."

The current production in KG-DWN 98/2 Block is 12,000 barrels per day, utilizing a floating production and storage offloading (FPSO). Once it reaches its peak production, which is 45-50,000 barrels per day, it is expected to contribute to a 7% incremental oil and gas production at a national level. About 80-85% of the crude oil is imported, reflecting the government of India's emphasis on boosting domestic production and reducing reliance on crude imports.

Varma mentioned that factors like shipping cost, insurance, distress crude, or issues such as an attack in the Red Sea affect the landing cost of crude. MRPL MD Mundkur Shyamprasad Kamath stated that the team would evaluate the value and characteristics of crude oil once processing begins. Typically, domestic crude oils exhibit low sulphur content and medium viscosity.

The Mangalore Refinery and Petrochemicals (MRPL) announced that it had received the first shipment of crude oil from the Oil and Natural Gas Corporation's (ONGC) KG-DWN 98/2 Block. ONGC had initiated production from the deep-water KG-DWN 98/2 Block in the Krishna Godavari (KG) basin off the Bay of Bengal on the Kakinada coast in January. Prime Minister Narendra Modi had flagged off Swarna Sindhu, the vessel carrying crude oil to MRPL on March 2. The sweet (low sulphur) indigenous crude is expected to undergo transformation into various fuels and petrochemicals at MRPL, making a significant contribution to the Athmanirbhar Bharath mission. MRPL received 60,000 metric tonne of crude oil or processing at its refinery at New Mangaluru Port. Sanjay Varma, MRPL director (refinery), informed that the crude oil would be processed soon. He stated, MRPL has software that selects the crude on an economic basis and according to other factors. We have the technical capability to process highly viscous crude to light crude, and high sulphur to low sulphur crude. Varma added, We have 250 varieties of crude in our basket, and this refinery has the achievement of processing 100 types of crude. The refinery receives crude oil from various parts of the world, including the Middle East and from Mumbai High field, Mangala field in Rajasthan, and others. The current production in KG-DWN 98/2 Block is 12,000 barrels per day, utilizing a floating production and storage offloading (FPSO). Once it reaches its peak production, which is 45-50,000 barrels per day, it is expected to contribute to a 7% incremental oil and gas production at a national level. About 80-85% of the crude oil is imported, reflecting the government of India's emphasis on boosting domestic production and reducing reliance on crude imports. Varma mentioned that factors like shipping cost, insurance, distress crude, or issues such as an attack in the Red Sea affect the landing cost of crude. MRPL MD Mundkur Shyamprasad Kamath stated that the team would evaluate the value and characteristics of crude oil once processing begins. Typically, domestic crude oils exhibit low sulphur content and medium viscosity.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code