Companies

ONGC strikes oil, gas in 3 places

Richa Mishra New Delhi | Updated on March 12, 2018

A file photo of ONGC oil rig.

To invest Rs 4,050 cr to upgrade Arabian Sea facilities

The ONGC board on Thursday took note of three significant oil and gas discoveries, two in the country’s East Coast and one in Tripura in the North-East.

The board also decided to invest over Rs 4,050 crore to upgrade its Arabian Sea facilities.

In a statement issued here, ONGC said in its pre-licensing round block located in West Godavari District of Andhra Pradesh, the exploratory well Vanaduru South 1 flowed at the rate of 181 barrels a day and gas at the rate of 51,772 cubic metres/day.

The company said the oil was of very high quality and the discovery indicated a good potential in the area.

The board also took note of more discoveries made in the NELP block KG-OSN-2004/1 in the Krishna-Godavari shallow offshore basin in the East Coast.

This block was awarded to ONGC in the New Exploration Licensing Policy-VI in 2004. On testing the first interval, the gas flowed at the rate of 4,09,453 cubic metres/day.

‘High-potential’ find

Another interval also flowed gas at the rate of 4,74,722 cubic metres/day, the company said.

This ‘high-potential’ discovery augments the hydrocarbon volumes established through two earlier discoveries, namely, Chandrika South and Alankari in the block, ONGC said. The company added that this was a significant boost toward attaining critical hydrocarbon volumes for viability of a possible ‘cluster-based development’ for the block.

In Tripura, ONGC said it had struck hydrocarbon in its pre-licensing round block. Conventional testing showed gas at the rate of 1,08,576 cubic metre/day, it added.

In the meeting, the board also decided to invest over Rs 4,050 crore to upgrade Western offshore facilities (on the Arabian Sea) through two major projects.

The first project includes revamp of Unmanned Platforms Phase – II in Mumbai High and Neelam & Heera Asset.

The total revamp job is expected to be completed by pre-monsoon 2016.

The second one entails revamp of two major process complexes, BPA and BPB, in the prolific Bassein & Satellite field on the Western offshore.

While the revamping job of BPB is planned to be completed in 2013-14, the latter is scheduled for completion in 2014-15, the company said.

Published on March 21, 2013

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