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2016-03-29 18:25:00

ONGC APPROVES $5 BLN

ONGC APPROVES $5 BLN

 

INDIA OIL GAS ENERGY MAP

 

The board of India's Oil & Natural Gas Corp. Ltd. approved a $5-billion offshore oil and natural gas development plan for the Krishna-Godavari basin off the country's east coast.

ONGC plans 35 wells in Clusters 2A and 2B on deepwater block KG-DWN-98/2. Twelve of the wells will be used for water injection.

First gas is expected by June 2019 and first oil by March 2020. ONGC expects a peak production rate in Cluster 2A of 77,305 b/d and 3.81 million cu m/day of associated gas through 15 producers. In Cluster 2B, peak gas production is expected to be 12.75 million cu m/day from eight wells.

The plan includes a gas processing platform with bridge-connected living quarters; a floating production, storage, and offloading vessel; about 430 km of subsea pipelines; and an onshore gas terminal.

ogj.com

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More: 

INDIA & RUSSIA DEAL 

INDIAN GASOLINE EXPORTS UP 3.8%  

UNIQUE INTERNATIONAL CONSORTIUM 

ROSNEFT SELLS STAKES 

$40 BLN FOR INDIA 

INDIAN OIL DEMAND UP 300,000

Tags: INDIA, OIL, GAS, ONGC

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