ONGC to invest 10600 crore rupees in two projects in Western offshore
ONGC approved two major projects entailing an investment of 10600 crore rupees to enhance production from Western Offshore fields.
Oil and Natural Gas Corporation (ONGC) on 14 November 2014 approved two major projects entailing an investment of 10600 crore rupees to enhance production from Western Offshore fields.
The projects are
• Redevelopment (Phase-III) of Mumbai High (South)- capital investment of 6069 crore rupees
• Integrated Development of Mukta, Bassein and Panna Formations-at an estimated Capex of 4620 crore rupees
Redevelopment (Phase III) of Mumbai High
The implementation of the Mumbai High (South) project will lead to incremental gain of 7.547 million tonne (MMT) crude oil and 3.864 billion cubic meter (BCM) gas by 2030.
The project is comprised of drilling new wells, sidetrack wells and the facilities such as well platforms, two clamp-on facility for wells on existing platforms, associated pipelines.
Under the project, the facilities are scheduled to be installed by April 2017. Drilling of wells and the overall project completion is scheduled for March 2019.
Integrated Development of Mukta, Bassein and Panna Formations
The Mukta, Bassein and Panna formations project located at a water depth of 50-70 m and about 80-90 km from Mumbai coast is designed. It is designed to carry forward the success of the previous two phases of redevelopment through installation of booster compressors in year 1999 to boost delivery pressure from 55 to 105 Kg/cm2 and in 2007 to boost pressure from 25 to 60 kg/cm2.
In order to further enhance the field life and increase recovery, this project envisages increasing gas pressure from 10 to 27 Kg/cm2.
The incremental production is expected to start in 2014-15 and the project is scheduled for completion by April 2017.