ONGC Videsh to sponsor students from South Sudan to Indian universities

ONGC Videsh has offered to sponsor 20 students from South Sudan for the graduate level technical course in Petroleum Engineering in reputed institutes in India.

Under this program, the first batch of five students was enrolled in the BSc (Petroleum Operations) course in the University of Petroleum & Energy Studies (UPES), Dehradun for the academic year 2014-15.

The next batch of five students has been admitted in B. Tech. (Applied Petroleum Engineering), a four year degree course in the academic year 2015-16.

Mr P. K. Rao, Director (Operations), ONGC Videsh presented the students from South Sudan with the Letter of Admission and cheques for the University Fees for the year 2015-16.

Greater Nile Oil Project (GNOP) in Sudan is one of the most successful ventures of ONGC Videsh as of date with a cumulative production of 27 MMT (ONGC Videsh share), the project has generated wealth of about USD 1693 million as on 31st March 2015.

ONGC Videsh holds acquired 25% Participating Interest (PI) in GNOP on 12th March 2003 from Talisman of Canada with the asset comprised of Blocks 1, 2 & 4 spread over an area of 49,500 Sq. Km. in Muglad Basin about 740 Km South West of Khartoum, the capital city of Sudan.

The asset also included a 1504 Km long, 28 Inch diameter Crude Oil Pipeline System from Heglig Field Base to Port Sudan for transportation of crude oil for export. The other Partners in the joint venture were CNPC of China (40% PI), Petronas of Malaysia (30% PI) and Sudapet of Sudan (5% PI).

ONGC Videsh acquired 24.125% PI in another producing asset of Block 5A on 12th May 2004. The block is spread over an area of 20,917 Sq. Km. in Muglad Basin.

Post secession of South Sudan in July 2011, the southern contract areas of Blocks 1, 2 & 4 and entire Block 5A came to be situated in South Sudan whereas the northern contract areas with main processing facilities and Sudan Crude Oil Pipeline System came under the territory of Sudan.

 

Author: OilNews

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