ONGC set to invest Rs 5,219 crore on Daman gas fields
29 Aug 2014 10:23 PM GMT
The ONGC board at its meeting on Thursday approved ‘investing Rs 5,219 crore towards the Daman Development project to enhance production of natural gas and condensate in its Tapti Daman Block in Arabian Sea,’ the company said in a statement.
The project is located about 90-100 kilometer from Daman coast and includes additional development of C-24 field and monetisation of B-12 marginal fields (B-12-11, B-12-13 and B-12-15). Production is expected by July 2016 with peak output of 8.35 million standard cubic meters per day of gas and 9,286 barrels of condensate per day.
‘The cumulative production till 2034-35 is pegged at 27.67 billion cubic meters (BCM) of gas and 5.01 million cubic meters of condensate. The gas and condensate will be evacuated to Hazira,’ it said.
The project envisages installation of seven well head platforms, one riser platform with associated pipelines and drilling of 28 wells. The project is scheduled for completion by pre-monsoon 2019.
Coming close on the heels of Rs 5,813 crore Mumbai High South Redevelopment project (Phase-3) approved in the last Board meeting earlier this month, this approval flags the oil major’s aggressive investment posture to ramp up production from the Western Offshore. Oil and Natural Gas Corporation also said its fire service personnel received Fire Service Medals.
‘Two Fire Service officers of ONGC were selected for prestigious Fire Services Medals for meritorious services by the President of India on the occasion of Independence Day 2014,’ it said, adding that Chairman D K Sarraf has declared a cash award of Rs 25,000 each for two officers.
On another occasion, Home Minister Rajnath Singh felicitated four officials of Oil and Natural Gas Corporation with the Fire Service Medals at a national level function in here on August 20.
The project is located about 90-100 kilometer from Daman coast and includes additional development of C-24 field and monetisation of B-12 marginal fields (B-12-11, B-12-13 and B-12-15). Production is expected by July 2016 with peak output of 8.35 million standard cubic meters per day of gas and 9,286 barrels of condensate per day.
‘The cumulative production till 2034-35 is pegged at 27.67 billion cubic meters (BCM) of gas and 5.01 million cubic meters of condensate. The gas and condensate will be evacuated to Hazira,’ it said.
The project envisages installation of seven well head platforms, one riser platform with associated pipelines and drilling of 28 wells. The project is scheduled for completion by pre-monsoon 2019.
Coming close on the heels of Rs 5,813 crore Mumbai High South Redevelopment project (Phase-3) approved in the last Board meeting earlier this month, this approval flags the oil major’s aggressive investment posture to ramp up production from the Western Offshore. Oil and Natural Gas Corporation also said its fire service personnel received Fire Service Medals.
‘Two Fire Service officers of ONGC were selected for prestigious Fire Services Medals for meritorious services by the President of India on the occasion of Independence Day 2014,’ it said, adding that Chairman D K Sarraf has declared a cash award of Rs 25,000 each for two officers.
On another occasion, Home Minister Rajnath Singh felicitated four officials of Oil and Natural Gas Corporation with the Fire Service Medals at a national level function in here on August 20.
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