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April 11, 2005
Indian Oil News: ONGC to develop Western Offshore Block
by Andrew McKay
HNN Economic Correspondent
New Delhi, India (HNN) – Indian Oil and Natural Gas Corporation (ONGC) is taking up development of Block SB#11, north-west of the giant Vasai (Bassein) gas field. Success of recent exploratory well SB#11 led to determination of in-place oil potential of about 30 Million Barrels (4.3 MMT).
The development scheme envisages a well platform with drilling of three wells for a peak production of about 3000 BOPD from the 1st quarter of 2007. The well fluid will go through a sub-sea pipeline to BPA Process Complex for processing and despatch to Uran Plant.
The fast-track development of Block SB#11 gas been approved by the ONGC Board with an estimated investment of $55 million.
Andrew McKay B.A., Ph.D. (Cambridge), has been at the University of Nottingham since 1992. His research interests are in development economics, with particular interests in poverty and income distribution; trade policy in developing countries; agriculture; statistical issues; and labour markets. His work is predominantly applied, with a mainly microeconomic focus; much of it involves analysis of household level data. He has received research funding from various sources, including DFID, the World Bank, and the Ford Foundation, and has undertaken advisory work for a range of development agencies including DFID, the World Bank, the European Commission, and the OECD Development Centre. He has published a large number of articles, many of these in refereed journals. These include articles in many of the main development journals, such as The Journal of Development Economics, World Development, The Journal of International Trade and Economic Development, The Journal of Development Studies and The Journal of African Economies. He teaches a range of third year and taught postgraduate modules on development-related topics, and acts as Course Director of the Masters Programmes in the School of Economics.
