Tuesday, 9 January 2018

ONGC makes major oil and gas discoveries at Mumbai High

ONGC India gas discovery

State-run Oil and Gas company, ONGC has made significant oil and gas discovery west to Mumbai High fields. Bombay High (now Mumbai High) is an offshore oilfield located in the Arabian Sea, approximately 160km west of the Mumbai coast. Discovered in 1974, the field started production in 1976 and is operated by Oil and Natural Gas Corporation (ONGC).

The Mumbai High field currently holds 1,659 million metric tonnes (MMT) and is producing approximately 16 MMT of oil per annum, which is 44% of India’s total crude oil production of 36 million tonnes.

The information was received by a reply to LokSabha by Dr. Dharmendra Pradhan, India’s Petroleum and Natural Resources minister. Dr. Pradhan said that the discovery was made in the well WO-24-3 (WO-24-C) drilled west of Mumbai High fields. Based on the data generated during drilling, 9 objects/zones were identified and on testing all the objects flowed oil/gas. The discovery has indicated potential in-place reserves of about 29.74 million tonnes of oil and oil equivalent gas.

Dr.Pradhan informed the lower house,“ the 9th object on testing flowed oil at the rate of 3,310 barrels per day and gas at the rate of 17,071 cubic meters per day,” the minister said. “This multi-layered oil and gas accumulation in this well opened up the new area for exploration/development.” Mumbai High, India’s biggest oil field, currently produces 205,000 barrels of oil per day (just over 10 million tonnes per annum) and the new find would add to that production in less than two years’ time.

Upon the discovery, ONGC’s stock on Bombay Stock Exchange traded in green by a jump of 2% in an intra-day.

Recently, India opened 2.8 million sq km of sedimentary basins for oil and gas exploration with a view to raise domestic production and reduce dependence on oil and gas imports. Under Open Acreage Licensing (OAL), $5-6 billion in exploration activities and another $20-30 billion for development activities is expected.

Source – PTI.

Originally published on MarineBharat.com

15 comments:

  1. Now you can know shipping Charges From US to India and the total cost of shipping products.

    ReplyDelete
  2. I believe there are many more pleasurable opportunities ahead for individuals that looked at your site.
    Offshore safety course in chennai

    ReplyDelete
  3. What is the current state of the oil and gas industry and where is it heading? What trends have we experienced and what impact should we expect? Read about Oil Tank Removal Orange County NY

    ReplyDelete
  4. Oil is used in everything from automobiles to airplanes to commercial launderers, to heavy industrial plants. Oil Tank Removal Hudson County NJ

    ReplyDelete
  5. This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. balanced flue fireplaces

    ReplyDelete
  6. A luxurious blog, truth be told. Appreciated every tiny bit of this amazing thing.
    Commercial heating

    ReplyDelete
  7. Rather than drying out my skin the same number of lotions do that objective blend/oily skin, which just winds up creating more oil, utilizing oils to saturate my skin appears to quiet my oil organs and not drive them into overdrive to deliver more oil on the grounds that my skin isn't deprived of oil. Safflower Kansas

    ReplyDelete
  8. Took me time to read all the comments, but I really enjoyed the article. It proved to be Very helpful to me and I am sure to all the commenters here! It’s always nice when you can not only be informed, but also entertained! bellfires

    ReplyDelete
  9. My rather long internet look up has at the end of the day been compensated with pleasant insight to talk about with my family and friends.
    nebosh igc courses in chennai

    ReplyDelete
  10. I’d love to be a part of group where I can get advice from other experienced people that share the same interest. If you have any recommendations, please let me know. Thank you.
    nebosh course in chennai

    ReplyDelete
  11. Versatile Generators Ratings ... Catalyst When the Power Is Down With the Best Generator ... furthermore, half a month after—which implies that an excessive number of purchasers shop when the power's out, haphazardly picking a natural gas vs diesel generator

    ReplyDelete
  12. Your new valuable key points imply much a person like me and extremely more to my office workers. With thanks; from every one of us.
    safety course in chennai
    nebosh course in chennai

    ReplyDelete
  13. I was surfing the Internet for information and came across your blog. I am impressed by the information you have on this blog. It shows how well you understand this subject. Energy Dias is the world’s first full-stream online platform of Oil and Gas Industry. Visit our oil and gas directory portal to explore and connect with 3000+ verified oil and gas companies. We also bring you the latest oil and gas news through our news portal in short 70 words snippets. Join our oil and gas job portal to explore 15000+ oil and gas jobs. Gas Directory

    ReplyDelete
  14. I think this is an informative post and it is very useful and knowledgeable. therefore, I would like to thank you for the efforts you have made in writing this article. Energy Dias is the world’s first full-stream online platform of Oil and Gas Industry. Visit our oil and gas directory portal to explore and connect with 3000+ verified oil and gas companies. We also bring you the latest oil and gas news through our news portal in short 70 words snippets. Join our oil and gas job portal to explore 15000+ oil and gas jobs. Oil and Gas Directory

    ReplyDelete
  15. It is the new darling of the Internet generation, being hailed as a miracle oil. As its popularity grows, so do all the questions about it.Coconut Fatty Acid Distillate

    ReplyDelete