Oil and Natural Gas Corp has started producing crude oil from its BC-10 deepwater block in the
Crude oil production from BC-10 started this week. Though the initial volumes are low, it will be ramped up going ahead. Output is likely to reach 100,000 barrels per day by end 2010 or early 2011. The natural gas being produced with the crude will be separated and pumped back into the Ostra field until a gas export pipeline system is complete.
The crude oil being produced is heavy in nature with high viscosity and needs heating to maintain fluidity. It is being pumped out from beneath the seabed using a floating production, storage and offloading vessel 'Espirito Santo' stationed in the block.
The BC-10 block is being developed in two phases. The first phase, now on-stream, involves nine producing wells and one gas injector well. The second phase will focus on production from the Argonauta O-North field. crackcrack
| Company Name | CMP |
|---|---|
| ONGC | 282.75 |
| Oil India | 462.30 |
| Jindal Drilling&Inds | 543.10 |
| Deep Industries | 482.25 |
| Asian Energy Service | 295.25 |
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