Hydrocarbon Vision 2030 (ஹைட்ரோகார்பன் தொலைநோக்கு ஆவணம் 2030)
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15. Immediate Term Initiatives<br />
The objectives which require immediate action and can be implemented in the short term (0-2 years)<br />
in the upstream, midstream, downstream, policy related initiatives and other allied areas have been<br />
summarized below and have been discussed in brief in the following sections.<br />
15.1 Action Points – Upstream Segment<br />
15.1.1 Production enhancement contracts (PEC)<br />
PECs are contracts that are signed between oil field services (OFS) companies and NOCs for mature<br />
fields, wherein, a NOC asks an OFS to provide its services for increasing production from a mature<br />
field. The service company uses integration of new technologies, work practices and enhanced oil<br />
recovery techniques to increase production. NOCs can finalize the structure of the PEC in<br />
consultation with MoPNG and can float tenders for blocks identified for PEC implementation in NER to<br />
appoint a service provider.<br />
15.1.2 Induction of new technology<br />
Induction of new technology is to be carried by NOCs to arrest the declining production of crude oil in<br />
NER, and to ramp up production from mature fields. Old technologies to be phased out and usage of<br />
new technologies like EOR/IOR, miscible gas injection, polymer flooding etc. to be promoted.<br />
15.1.3 NOCs to offer services<br />
NOCs can offer their services and expertise to other operators in the region on a chargeable basis.<br />
This can be beneficial for NOCs as well as other operators who require such services at an affordable<br />
cost. NOCs can turn around their service facilities from being a cost centre into a revenue centre. This<br />
will ease the availability of services to all in remote areas, as both the NOCs have large base,<br />
experienced manpower and presence in remote locations.<br />
15.1.4 Service provider hub<br />
In order to overcome the challenges related to limited presence of service providers and unavailability<br />
of service facilities for E&P companies in NER, it is imperative to establish service hubs at suitable<br />
locations in the region so that the E&P operators can avail those services at a reasonable cost. The<br />
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