Hindustan Oil Exploration Company (HOEC) has submitted Field Development Plan (FDP) for offshore block B-80 to Directorate General of Hydrocarbon (DGH). FDP envisages production of 5000 barrels of oil and 15 million standard cubic feet of gas per day and the First Oil and Gas from the field is endeavored to b delivered by Q2 FY 2020-21.
Development of this discovered field will be executed in two phases. Under phase - 1, two new offshore wells will be drilled, a Mobile Offshore Process Unit (MOPU) will be installed and the processed oil and gas will be transported by connecting to nearby oil and gas pipelines of ONGC for delivery to customers at an estimated capital investment of about $ 43 Million over a period of 30 months.
B-80 is located in Mumbai Offshore and was awarded under Discovered Small Field (DSF) Bid Round 2016 on 27 March 2017, wherein HOEC is the operator with 50% participating interest.
