The Hindu Business Line : ONGC okays investment proposals for Mumbai High

New Delhi, Oct. 3 The board of Oil and Natural Gas Corporation (ONGC) on Wednesday approved investment proposals of Rs 5,713 crore for second phase of redevelopment of Mumbai High in western offshore. Western Offshore contributes around 16 million tonnes (mt) per year which is over 60 per cent of the total crude production of ONGC.

According to a statement issued by the company, the redevelopment project will enhance production from the south field of Mumbai High and will improve the oil recovery to over 346 mt with an incremental oil of 22 mt. With current crude prices, the additional produce is valued at Rs 53,000 crore ($13.25 billion).

“This will improve the oil recovery to about 35 per cent by 2030. Cumulatively, Mumbai High has already produced 382 mt oil till now,” the company said. The project envisages drilling of 86 infill wells. Five new well head platforms and six clamp-on structures are planned, it said.

“A new process platform bridge connected to existing process complex ICP in Mumbai High south is proposed to handle the additional production,” it added. The phase-II follows the first redevelopment programme launched in October 2001.

The implementation of phase-I plan has reversed the declining production trend. It has given a new lease of life to the aging field. Boosted by the success of the phase-I redevelopment exercise, ONGC has gone for phase-II redevelopment in Mumbai High south field.

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