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Mumbai, Jan 15: After having announced India’s largest gas find of over 20 trillion cubic feet (TCF) in the Krishna Godavari basin in July 2005, the Gujarat State Petroleum Corporation (GSPC) is likely to miss the deadline of its commercial production scheduled for December 2007.
Former petroleum secretary SC Tripathi, who held office when GSPC announced its find, told FE, “I have strong doubts if GSPC will be able to deliver KG basin gas by December 2007 as promised. Companies like Reliance Industries could not deliver the gas in time, then how could GSPC? GSPC’s KG basin blocks are very complex in nature as it lies in high-pressure zone. It alone cannot develop the block as it lacks technical expertise.”
Analysts believe that the gas flow may not be possible by 2007-end because of the complexity of the block. At present GSPC is only drilling the fifth well out of the 14 wells to be drilled in the block.
It takes around three years to get into commercial production from the discovery period. GSPC’s MD, DJ Pandian, however, said he is optimistic about commercial production from KG Basin by December 2007.
GSPC is yet to collaborate with international oil and gas giants to develop the block for which it has identified over half-a-dozen companies as potential partners including Shell, ExxonMobil, British Petroleum, British Gas, ENI of Italy, Total of France and Enadarko.
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