NEW DELHI: Oil and gasoline manufacturing from ONGC’s $5-billion showpiece challenge off the Andhra coast is ready 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 may increase income and contribute in direction of lowering the nation’s import dependence.
The oil effectively was opened on Saturday, the corporate stated in a inventory alternate submitting on Sunday with out quantifying the manufacturing price.”Leveraging the floating manufacturing, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of related gasoline, all of the whereas underscoring its dedication to attaining zero gasoline flaring,” it stated, including the export hyperlink between the offshore facility and onland receiving terminal has additionally been commissioned.
Oil manufacturing from the challenge, envisaging 13 wells for oil and 7 for gasoline started in January. The corporate plans to ramp up manufacturing by opening the wells progressively to take care of 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 predicted to be 45,000 barrels of oil per day (bopd) and over 10 million normal cubic meters per day of gasoline. Present manufacturing is estimated at 12,000 bopd and 0.4 mmscmd of gasoline.
The oil effectively was opened on Saturday, the corporate stated in a inventory alternate submitting on Sunday with out quantifying the manufacturing price.”Leveraging the floating manufacturing, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of related gasoline, all of the whereas underscoring its dedication to attaining zero gasoline flaring,” it stated, including the export hyperlink between the offshore facility and onland receiving terminal has additionally been commissioned.
Oil manufacturing from the challenge, envisaging 13 wells for oil and 7 for gasoline started in January. The corporate plans to ramp up manufacturing by opening the wells progressively to take care of 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 predicted to be 45,000 barrels of oil per day (bopd) and over 10 million normal cubic meters per day of gasoline. Present manufacturing is estimated at 12,000 bopd and 0.4 mmscmd of gasoline.
