Oil & Natural Gas Corporation Ltd.

State-run Oil and Natural Gas Corporation (ONGC) is all set to discover additional oil reserves in the Mumbai offshore area. The company, at present is testing the D1 block, post to which it can ascertain the exact quantity of additional oil present in the block.

The company is implementing an integrated development plan for D1 oilfield at an estimated cost of about Rs 2,164 crore. Since the company is using a floating production, storage and offloading (FPSO) in the D1 block, Essar projects has completed project to install three offshore platforms and laying of sub-sea pipelines to connect the three platforms to the FPSO.

In August last year, ONGC discovered the third largest reservoir in Mumbai High at a development well that found a new pool in D1 field offshore western India, and with it, the peak output from the field could jump to 60,000 (barrels per day). The oilfield currently has a peak output of 36,000 barrels per day (bpd) and is currently producing 16,500 bpd.