India's ONGC Boosts 2 Offshore Projects

By MarEx 2014-11-16 03:34:00

The board of Indian oil and gas company ONGC has approved two major investment decisions for further enhancing production from its Western Offshore fields. The projects are Redevelopment (Phase-III) of its giant offshore field Mumbai High (South) and the Integrated Development of Mukta, Bassein and Panna Formations.

1. Redevelopment of the Mumbai High (South) - Phase III

The implementation of the project will lead to incremental gain of 7.547 million ton (MMT) crude oil and 3.864 billion cubic meters (BCM) of gas by 2030. This project is designed to carry forward the success of the previous two phases and give a new lease of life to the giant field.

The project consists of drilling 36 new wells and 34 sidetrack wells as well as the installation of three well platforms, two clamp-on facilities for wells on existing platforms and associated pipelines and modifications at 18 other platforms. Work is expected to be completed on the facilities by April, 2017. Drilling of wells and the overall project completion is scheduled for March, 2019.

2. Integrated Development of Mukta, Bassein and Panna Formations

This project, located at a water depth of 50-70m and about 80-90km from the Mumbai coast, is designed to carry forward the success of the previous two phases of redevelopment with the installation of booster compressors.

The incremental production is expected to start in 2014-15 with a peak incremental production rate of 10 MMSCMD of gas, 950 barrels of oil and about 1100 cubic meters of condensate per day by 2017-18. The cumulative production till 2027-28 is pegged at 19.56 BCM of gas, 1.97 million cubic meter of condensate and 1.83 MMT of oil. 

The project envisages drilling of 18 wells including 5 subsea wells, installation of one new process platform having gas processing and compression facilities, one nine-slot well head platform, topside modification on existing platforms, associated pipelines and one living quarter platform. The project is scheduled for completion by April 2017.

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