ONGC starts Mumbai High South work

Image
BS Reporter Mumbai
Last Updated : Feb 05 2013 | 3:55 AM IST
Oil and Natural Gas Corporation (ONGC), the country's largest oil and gas exploration and production company, on Saturday kicked-off the second redevelopment phase of Mumbai High South (MHS) in western offshore.

The second phase of redevelopment of MHS will involve an investment of Rs 6,340 crore and production capacity will go up from 1,50,000 bopd (barrel oil per day) to 1,80,000 bopd. Its oil recovery factor will increase from the present 31 per cent to 35 per cent by 2030.

The second phase will have a timeline of five years (2007-2012). ONGC will drill 86 wells and 52 sidetrack wells from five platforms during the period.

"During this period, with shutdowns for maintenance and operation losses, incremental oil and gas production works out to be 20.7 mmt and 3.32 bcm, respectively," said R S Sharma, chairman and managing director, ONGC.

Mumbai High, spread over around 1,500 sq km, is divided into two blocks "� Mumbai High North and Mumbai High South. Both the fields together produce 2,52,000 bopd.

In May 2007, ONGC completed the Rs 6,500-crore first phase of redevelopment of Mumbai High South.

The project included installation of 10 new well platforms, laying of new pipelines and upgrading of existing facilities, besides drilling 140 new wells.

The oil recovery factor post phase one development went up from 28 per cent to 31 per cent.

Mumbai High was put on production in May 1976. Since then, it has undergone several rounds of development during the last 30 years. The field reached a production level of around 400,000 bopd during 1984-85 and was maintained for about six years.

The field has been experiencing decline in oil production from 1990 due to increase in field gas oil ratio and water cut. ONGC is taking numerous steps to arrest the decline of oil production by undertaking various phases of development.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 20 2008 | 12:00 AM IST

Next Story