NEW DELHI: Oil and gas manufacturing from ONGC’s $5-billion showpiece venture off the Andhra coast is about to rise after the state-run explorer introduced on stream the fifth of the 13 wells within the deepsea KG-D5 block, a transfer that can boost income and contribute in the direction of lowering the nation’s import dependence.
The oil well was opened on Saturday, the corporate stated in a inventory trade submitting on Sunday with out quantifying the manufacturing charge.”Leveraging the floating production, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of associated gas, all the while underscoring its commitment to achieving zero gas flaring,” it stated, including the export hyperlink between the offshore facility and onland receiving terminal has additionally been commissioned.
Oil manufacturing from the venture, envisaging 13 wells for oil and 7 for gas started in January. The firm plans to ramp up manufacturing by opening the wells steadily to keep reservoir well being and keep away from geological surprises of water or sand ingress choking manufacturing like they did in case of Reliance Industries Ltd’s fabled KG-D6 block subsequent door.
Peak manufacturing is anticipated to be 45,000 barrels of oil per day (bopd) and over 10 million commonplace cubic meters per day of gas. Current manufacturing is estimated at 12,000 bopd and 0.4 mmscmd of gas.
The oil well was opened on Saturday, the corporate stated in a inventory trade submitting on Sunday with out quantifying the manufacturing charge.”Leveraging the floating production, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of associated gas, all the while underscoring its commitment to achieving zero gas flaring,” it stated, including the export hyperlink between the offshore facility and onland receiving terminal has additionally been commissioned.
Oil manufacturing from the venture, envisaging 13 wells for oil and 7 for gas started in January. The firm plans to ramp up manufacturing by opening the wells steadily to keep reservoir well being and keep away from geological surprises of water or sand ingress choking manufacturing like they did in case of Reliance Industries Ltd’s fabled KG-D6 block subsequent door.
Peak manufacturing is anticipated to be 45,000 barrels of oil per day (bopd) and over 10 million commonplace cubic meters per day of gas. Current manufacturing is estimated at 12,000 bopd and 0.4 mmscmd of gas.
