ONGC's Tripura Asset Manager and Executive Director Mr. Biplab Guha Speaks to Tripurainfo

 

ONGC's Tripura Asset Manager Mr. Biplab Guha has come a long way in his illustrious career in India's 'Navaratna' corporation ,contributing to its growth and development and gaining in invaluable experience. Having joined the Corporation-then only a Commission-in 1976 Mr Guha dedicated the best part of his life in enriching the Corporation through exploration , drilling and production-related activities during his posting in Mumbai off-shore project , Assam and Rajamundry. Mr Guha was conferred the prestigious 'Manager of the

     
   

year ' award in 1995 by ONGC management in recognition of his contribution to innovative Polymer-based drilling in Assam project.

 

Mr Guha was also the mastermind behind ONGC's C2-C3 project at Dahej and the key man behind conceptualisation of the Corporation's 'Gas to Wire' project in Tripura. Currently Asset Manager in Tripura project, Mr Guha has been working tirelessly to contribute to this state through ONGC's exploration, drilling and production-based operations.

In this exclusive interview with tripurainfo.com , Mr Biplab Guha shared his inmost thoughts and ideas on the Corporation's aims and objects in Tripura .

 

Question : It has been nearly one year since you took over as Executive Director and Asset Manager, ONGC Tripura asset. What is your impression of the state?

Ans : Tripura is a resource-rich state with abundance of natural beauty. It is also endowed with vibrant cultural and ethnic heritage.For ONGC personnel like me, Tripura has always been an important workplace. I consider my taking over charge as Head of ONGC operation here last May, as a privilege and a proud responsibility. My experience of work here and my interaction with intelligentsia and opinion builders have further bolstered my confidence that ONGC would continue to accelerate its activities and contribute more effectively to the welfare of the State in future with active support of all stake holders.

Question : What is ONGC's budget this year and how much increase does it show in real terms over last year's allocations? Are you satisfied with this?

Ans :
We spend about 250 Crore every year here for normal operations. And our capital investments are going to increase several fold here due to more intensive exploration, drilling and surface facilities creation and expansion plans. Operations in Tripura are important for ONGC management and, depending on what plans we have currently in hand and firming up of gas offtake arrangements with future consumers in view, investment is really never a constraint.

Question : How do you look at the proposed 750 MW Palatana Power project in south Tripura district? How much is the progress from your end?

Ans :
Palatana project is very much in pipeline and, in fact, we have been making substantial investments here, taking that into account. You must understand that establishing such mega power project in a logistically difficult state like Tripura requires mammoth amount of resource mobilization. I must tell you that, so far as fulfilment of fuel requirement for this project from our gas fields is concerned, we are already making good progress and are upgrading our surface facilities. Setting up of pipeline networks and new GCSs would be the next step. Our Corporate office at Delhi, along with our partners and consultants, is taking care of the Palatana Plant and we are confident everything would conclude as planned.

Question : What are the other new projects or schemes that the ONGC here is going to undertake or implement in the current financial year?

Ans :
As I said earlier, we are already committed to major expansion of our activities here in future. This year you will see that our gas handling capabilities would go up at least three folds with Baramura and Agartala Dome GCS completing expansion plans. We are also deploying two additional rigs around the end ‘08 to undertake increased exploration activities for gas supply to new consumers. ONGC has ambitious plans for future growth in the State, given the potential of the basin and pro-active facilitation by State Govt.

Question : It is known that ONGC here confronts a problem of glut in availability of natural gas in Tripura .Why is it not being properly utilized for industrialization in the state? How do you propose to ensure optimum utilization of natural gas available in plenty?

Ans :
Limited market for our gas had been a problem earlier. Market creation activity for enhanced utilisation of gas is bit complex and time-consuming issue though we have been always encouraging further development of gas market here. We are indeed thankful for the pro-active support of the State Govt. and other interested parties as enablers. Don’t you think ONGC getting into joint ventures like Palatana project is an excellent example in this direction? I hope more industries like gas-based methanol project would be coming up soon ensuring optimum utilisation of our rich gas-stock.

Question : During the past three decades of ONGC's operations here people have often heard of ONGC striking oil, which has so far remained elusive. What is the real prospect of finding oil in Tripura and why does not ONGC go for deep drilling?

Ans :
This question is to be addressed more rudimentarily. You see, we don’t explore for oil or gas but for hydrocarbons.

     
   
 

Mr. Biplab Guha recently received "Mine Safety Award" for Tripura Asset from The President of India Mrs. Pratibha Patil.

 

 Gas and oil both are equally commercially important for us and for everyone. Geological basins take millions of years to form oil or gas. It would be fundamentally erroneous to predict that going deep would produce oil. We get oil in so called shallow wells as well. Whether we find oil or gas depends on complex geology of a particular area and type and maturity of source rock organics as also age of structures. We have drilled wells much beyond 4000 metres too here. At the same time I must tell you gas is not inferior hydrocarbon commercially as well as environmentally. It’s future fuel of preference. Let’s be content with the resources Mother Earth provides so plentifully in Tripura.

Question : The ONGC in Tripura confronts, as do all other public and private organizations, the problem of insecurity because of insurgency. How serious is the problem currently and how is it affecting the Corporation's functioning here?

Ans :
Frankly, I don’t find security related issues constraining our operation here any more now except few pockets like Baramura. I must compliment State administration and Police forces here who gave us that confidence.

Question : Are you satisfied with the return you are getting every year in comparison with the investment made by ONGC?

Ans :
ONGC looks at all operations all over including overseas, cumulatively. We may make losses at a particular place, like
presently in Tripura, but those are generally due more to the input cost of exploration activities compared to returns from local market for our produce. You know as on today we have limited market for gas here, so our returns are less. We feel that natural resources need to be harnessed for economic development of the State and the country as a whole. We are focussed on that national perspective and hoping that sustained losses could be mitigated in future with due appreciation of emerging realities.

Question : What is your message to potential investors from outside? What is the investment potential of our state? We seem to be missing out as far as getting big investment from outside is concerned. Why so?

Ans :
ONGC and Ministry of Petroleum and Natural Gas have been working hard to enhance gas availability and you would soon see substantial increase. That should be one factor which would lure investors. The other is security concern; I think Govt is doing its best to bring about change at ground level by ensuring peace. Once industries start coming, employment generation opportunities would also improve thereby further reducing migration of youth toward unlawful activities. That would automatically bring in permanent peace and further development of the State at an accelerated pace.