Millennium Post

ONGC’s Western Offshore output soars to 5-year high

ONGC’s Western Offshore  output soars to 5-year high
This is the highest production from Mumbai Offshore during the last five years.Production started increasing from an average 315,000 BOPD in February 2015 to over 325,000 BOPD this month.

The continuous endeavours of ONGC to augment production from its ageing as well as New & Marginal Fields has resulted in such achievement. Addition of couple of high producing new wells in a marginal field B-193, installation of high volume Electrical Submersible Pumps (ESP) in D1-field, undertaking massive hydro-fracturing job are among some exclusive hi-Tech initiatives which have resulted in additional oil gain.

However, the diversion of well fluid from Cluster – 7 fields to the newly engaged FPSO, Sterling-II, is the primary contributor behind this recent rise in production. The Cluster – 7 consists of B-192, B-45 & WO-24 marginal fields- located in the Mumbai High-Deep Continental Shelf of Bombay Offshore Basin.

The average distance of these fields are about 210 km to the west of Mumbai city in water depth of around 80-88 mts. B-192 is an oil & gas field whereas B-45 & WO-24 are gas fields. Since, these fields are remote, isolated and marginal in nature, ONGC planned to develop them as a Cluster (which is technically called as ‘Cluster Development’) to make the development techno-commercially viable.

The FPSO arrived in the field in November 2014. Positioning of FPSO at location, its installation and hooking-up with under water systems is a highly technical & challenging operation which involves continuous requirement of divers and requires stable weather conditions.

Despite the unprecedented harsh winter of 2014, FPSO was made operationaland well fluid could be flown into it on 26th February 2015. The production from the Cluster fields which was earlier at 7,500 BOPD without FPSOhas jumped to over 14,000 BOPD. The engagement of the FPSO reduced the back pressure substantially and improved the flow from the producing wells.

The various technological interventions implemented by ONGC during the last one year have already resulted in 7-8% increase in oil production from its Western Offshore fields. The results have instilled confidence that further increase in production is also possible.

CCI dismisses case against IndianOil

The Competition Commission has rejected charges against Indian Oil Corporation and Mahanagar Gas that they indulged in unfair business practices with respect to distribution of CNG.

In a complaint, Bharat Garage, a partnership firm engaged in distribution of Compressed Natural Gas (CNG), had alleged that an agreement executed between IOC and Mahanagar Gas is anti-competitive and limits the production/supply of CNG and causes an appreciable adverse effect on the competition. CCI has also rejected the allegations of cartel-like behaviour levelled against the firms.
Agencies

Agencies

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