State-owned Oil and Natural Gas Corp (ONGC) has kicked off over Rs 8,800-crore redevelopment of the southern part of its Mumbai High fields, using a cost effective technology to maintain output from the prime western offshore fields.
The Mumbai High South redevelopment phase-II project will cost Rs 8,813.4 crore. The giant Mumbai High oil and gas field remains a challenge since its discovery in 1974. In its chequered production profile, the field hit a peak of 400,000 barrels per day before falling to current levels of 210,000 bpd, causing concerns in reservoir management.
ONGC has decisively initiated schemes to maintain production from this field. The present scheme envisages incremental gain of 18.31 million tonne of oil and 2.70 billion cubic meters of gas through drilling of 75 new wells and intervention in existing wells.
The work includes enhancement of oil and gas processing capacity through installation of one process platform bridge connected to the existing ICP platform and installation of four new well head platforms.
crackcrack| Company Name | CMP |
|---|---|
| ONGC | 283.35 |
| Oil India | 471.35 |
| Jindal Drilling&Inds | 542.35 |
| Deep Industries | 477.70 |
| Asian Energy Service | 315.25 |
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