ONGC approves Mumbai High redevelopment proposal

The Board of India’s oil and gas company ONGC approved the proposal for Redevelopment of its giant offshore field – Mumbai High (North), located some 162 kilometres off the coast of Mumbai, India.

The redevelopment will involve a capital investment of Rs 5,706.47 Crore (around USD 950 million) including Foreign Exchange component of Rs 4,421.76 Crore (USD 743.15 Million at exchange rate of Rs. 59.50/USD).

The implementation of the project will lead to incremental gain of 6.997 million tonne (MMT) crude oil and 5.253 billion cubic metres (BCM) gas by 2030. This project is designed to carry forward the success of the previous two editions of redevelopment projects and give a new lease of life to the giant field which is so vital for the economy of the country.

The total CAPEX includes creation of surface facilities for Rs 2,586.42 Crore, new oil and gas wells for Rs 1,992.11 Crore and sidetracking of existing wells for Rs 1,127.94 Crore.

The facilities envisaged under the project are Installation of 5 well platforms, one clamp-on facility for wells at an existing platform, associated pipelines and modifications at 13 platforms, drilling of 52 new wells and 24 sidetrack wells. The facility parts under the project are scheduled to be installed by April, 2016, while drilling of wells and the overall project completion is scheduled for May 2017.

The strategy of Mumbai High North Re-Development (MHNRD Phase-III) scheme includes opportunities for further development of LI, LII, S1 and other minor reservoirs along with the major LIII reservoir and integrating the required inputs.

 

June 30, 2014

 

Share this article

Follow Offshore Energy Today

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply