ONGC board approved 5219 crore rupees investment in Daman gas fields

State-owned Oil and Natural Gas Corp (ONGC) on 29 August 2014 announced to invest 5219 crore rupees for the production of Daman gas fields in the Arabian Sea.

The investment will be made towards Daman Development project to enhance production of natural gas and condensate in its Tapti Daman Block in Arabian Sea by the mid of 2016.

The project is located about 90-100 kilometer from Daman coast and includes additional development of C-24 field and monetization of B-12 marginal fields (B-12-11, B-12-13 and B-12-15).

Once operational, it will give output of 8.35 million standard cubic meters per day of gas and 9286 barrels of condensate per day.

The cumulative production till 2034-35 is targeted at 27.67 billion cubic meters (BCM) of gas and 5.01 million cubic meters of condensate. The project is scheduled for completion by pre-monsoon 2019.

The project envisages installation of seven well head platforms, one riser platform with associated pipelines and drilling of 28 wells.