Page 152 - CW E-Magazine (25-6-2024)

Hydrocarbons

ENHANCING EFFICIENCIES
Cairn Oil & Gas begins ASP injection in Mangala oil

fi eld to boost recovery

Cairn Oil & Gas, part of Vedanta
Group, has announced the implementa-
tion of ASP fl ooding in the Mangala oil
fi eld in Barmer, Rajasthan.

Alkaline Surfactant Polymer (ASP)
is an Enhanced Oil Recovery (EOR)
methods where polymer and surfactants
are injected into the matured fi elds to
increase recovery. The injection of ASP
allows an increase in recovery in matured
fi elds by up to 60% using polymers and
surfactants, instead of just 40% using
polymers alone. Cairn said the latest Cairn implemented the ASP injec- in the Rajasthan block. Dr. Steve
exercise is the “largest commercial injec- tion at the MWP-1 &19 ASP project Moore, Deputy Chief Executive
tion” implemented in any oil & gas fi eld site in the Mangala fi eld. The efforts are Officer, Cairn Oil & Gas, Vedanta
in India, and amongst the very few done expected to yield about 20% additional said, “In line with our commitment
globally. “This milestone highlights oil recovery in the targeted area. to boost India’s domestic oil & gas
Cairn’s ability to innovate technology production, we are proud to pioneer
breakthroughs that help recovery from Earlier, Cairn had successfully the implementation of ASP flooding
matured fi elds and accelerate future fi eld conducted an ASP fl ood pilot follow- technology in our flagship Mangala
development, enabling it to achieve its ing which, a Field Development Plan oil field. This innovation is a testa-
goal of contributing 50 percent of India’s (FDP) was submitted and approved. ment to our commitment to maxi-
oil & gas production,” the company said Moving forward, this technology mising recovery from mature fields,
in a press note. will be expanded to other fields using advanced technologies”.

TRADE TRENDS
India’s crude oil imports scale new highs in May

India’s crude oil imports during data, India’s crude oil imports fell
May 2024 rose to its highest level on marginally to 4.54-mbpd in May 2024
record as refi ners topped up to meet (April: 4.58-mbpd), but were higher by
domestic demand for auto fuels as well 1.6 percent on an annual basis. Brent
as for export opportunities. averaged $82.05 per barrel in May
2024 against $90.15 in April 2024 and
The world’s third largest importer $75.55 in May 2023.
procured 21.8-million tonnes (mt) of refi ners imported an all-time high of
crude oil last month provisionally, a 21.6-mt in April 2022 followed by Indian basket crude price averaged
growth of 2 percent month-on-month 21.5-mt in January 2024 and 21.4-mt $83.56 per barrel last month against
(M-o-M) and 6 percent year-on-year in April this year. Analysts and trade $89.46 in April 2024 and $74.98 in
(Y-o-Y). In-bound shipments of the sources attribute the higher numbers May last year. India’s net import bill of
critical commodity rose for the fourth to more export volumes being shipped oil and gas for May 2024 was $12.4-bn.
consecutive month during May, accord- out of Russia and lifting of lower Out of which, crude oil imports
ing to Petroleum Planning & Analysis cargoes by Chinese refi ners. According constituted $13.2-bn, LNG imports
Cell (PPAC) data. Prior to this, Indian to energy intelligence fi rm Vortexa were $1.1-bn and exports were $3.8-bn.

152 Chemical Weekly June 25, 2024

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