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>

<< May 2019 >>
MTWTFSS
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

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

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

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