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Our Bureau

New Delhi , Sept. 7

The Oil and Natural Gas Corporation (ONGC) board has approved an investment of Rs 2,305.30 crore for redevelopment of Heera and South Heera fields at Mumbai offshore.

In a statement, the oil major has said that the redevelopment would enhance production with improved recovery and redistribution of water injection and pressure maintenance.

The project also includes development of a marginal field B-134 A through Heera facilities that would not have become viable for exploitation on a stand-alone basis.

Installations

The project involves installation of four new well platforms, 72 km of sub-sea pipelines, drilling of 28 wells through new platforms and six wells from clamp-on in addition to side tracking of 56 wells.

The expenditure on side tracking of wells is estimated to be Rs 700 crore.

By 2030, the incremental gain is estimated at 10.685 million tonnes of crude oil and 2.265 billion cubic metres of natural gas.

More Stories on : Outlook | Petroleum | Oil & Natural Gas Corporation Ltd

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