The Hindu Business Line : ONGC adds 30mn tonnes oil through Mumbai High redevelopment

MUMBAI: Oil exploration and production major, ONGC, has added more than 30 million tonnes of oil till October to its basket through the ongoing re-development activities in Mumbai High.

“The incremental increase in our production through re-development activities in Mumbai High North and South projects is 30.63 million tonnes (MMT) till October this year,” a company spokesperson said.

“The total incremental production from Mumbai High North Redevelopment project is 11.71 MMT while from Mumbai High South Redevelopment project, it is 18.92 MMT,” the spokesperson said.

Phase 1 of Mumbai High North has added 11.14 MMT against the feasibility report (FR) target (revised) of 10.07 MMT.

“Phase 2 is under implementation and by the end of this September, 12 new wells against the 17 planned have been drilled. As on October 1, incremental oil is 0.57 MMT as against the FR target of 0.85 MMT,” the spokesperson said.

The company has spent Rs 478.72 crore in the Phase 2 North project so far, the spokesperson said. - PTI

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