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

39 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. 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
  11. 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
  12. 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
  13. 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
  14. Very interesting blog. Alot of blogs I see these days don't really provide anything that I'm interested in, but I'm most definately interested in this one. Just thought that I would post and let you know. china pumping unit

    ReplyDelete
  15. Magnificent delineated data. I thank you about that. Undoubtedly it will be exceptionally helpful for my future ventures. Might want to see some different posts on the same subject! oil tank removal

    ReplyDelete
  16. It is a prerequisite as far as South African guidelines and measures that the stove or hob is introduced by an enlisted gas installer. best 3 burner gas stove in india 2020

    ReplyDelete
  17. I really enjoy simply reading all of your weblogs. Simply wanted to inform you that you have people like me who appreciate your work. Definitely a great post. Hats off to you! The information that you have provided is very helpful. 안전놀이터

    ReplyDelete
  18. This post is very simple to read and appreciate without leaving any details out. Great work! 안전놀이터

    ReplyDelete
  19. You there, this is really good post here. Thanks for taking the time to post such valuable information. Quality content is what always gets the visitors coming. Oil Change Service Reading

    ReplyDelete
  20. We are really grateful for your blog post. You will find a lot of approaches after visiting your post. I was exactly searching for. Thanks for such post and please keep it up. Great work. 안전사이트

    ReplyDelete
  21. You know your projects stand out of the herd. There is something special about them. It seems to me all of them are really brilliant! oil and gas services

    ReplyDelete
  22. i never know the use of adobe shadow until i saw this post. thank you for this! this is very helpful. check on site topbestspec.com

    ReplyDelete
  23. We have sell some products of different custom boxes.it is very useful and very low price please visits this site thanks and please share this post with your friends. https://meerasimulation.com/

    ReplyDelete
  24. I was reading some of your content on this website and I conceive this internet site is really informative ! Keep on putting up. gilgamesh industrial

    ReplyDelete
  25. I am happy to find this post Very useful for me, as it contains lot of information. I Always prefer to read The Quality and glad I found this thing in you post. Thanks buy instagram likes instantly uk

    ReplyDelete
  26. Nothing beats the smell of food cooking outdoors when you are with friends or family. However, having the right type of Stove is an important consideration when planning a trip away, which may be with two or twenty of you. This article looks at some of those issues, with advice on the right stove for your trip. Best Gas Stoves Brands in India 2021

    ReplyDelete
  27. When we go camping in summer, especially in England, the evenings can be either amazingly hot, or sometimes downright chilly. Either way the nights get dark. So we need a bit of backup heat, and we need some light too. Here are some suggestions. Best 3 burner gas stoves in India 2021

    ReplyDelete
  28. Get at all your favourite prodcts at one go. Check the prices and discounts. Grab the best deals and discounts at Flipkart SBI Offer Amazon Cashback Offers 2020Top & Best Gas Stoves in India 2021Flipkart HDFC Offer Myntra Cashback Offers 2020

    ReplyDelete
  29. Given every one of these sorts of befuddling names, which ones do you have to focus so? The main one is the SAE evaluation of the oil and the Programming interface class. what is full spectrum cbd

    ReplyDelete
  30. Coconut oil is rising so rapidly in prominence due to its recuperating, calming properties. what is cbd oul

    ReplyDelete
  31. Wow this blog is awesome. wish to see this much more like this. Thanks for sharing your information. we also provide Gas Services Hackney. for more information visit on our website.

    ReplyDelete
  32. Do you sense that your jeans will bust open when you have your supper? Has your propensity for passing gas made you humiliation your companions and partners? Do you feel awkward or difficult subsequent to eating? All these are the side effect of gas. besteenergieleverancier.com/

    ReplyDelete
  33. If you smell gas in your home...then you just might have a problem. You likely have a gas leak. I'm not referring to gasoline here but I'll suggest (with my tongue firmly planted in my cheek) that if you smell gasoline inside the living space of your home, then you might want to consider parking your car outside or in the garage. Seriously, though, the smell of gas inside your home is no laughing matter. Matthew Fleeger

    ReplyDelete
  34. Emergency Cash Loans Hello Everybody, My name is Mrs. Phyllis Sue South. I live in UK London and i am a happy woman today? and i told my self that any lender that rescue my family from our poor situation, i will refer any person that is looking for loan to him, he gave me happiness to me and my family, i was in need of a loan of $350,000.00 to start my life all over as i am a single mother with 2 kids I met this honest and GOD fearing man loan lender that help me with a loan of $350,000.00 U.S. Dollar, he is a GOD fearing man, if you are in need of loan and you will pay back the loan please contact him tell him that is Mrs. Phyllis Sue South that refer you to him. contact Dr. James Eric via email: financialserviceoffer876@gmail.com Whats-App +918929509036

    ReplyDelete
  35. Dear Sir/Madam,
    We are currently looking for kidney donors at the LS foundation healthcare center, to help patients who face lifetime dialysis problems unless they undergo kidney transplant. Here we offer financial rewards to interested donors. Please kindly contact us via Email: kidneylivertc@gmail.com

    ReplyDelete
  36. This is a great post. I like this topic.This site has lots of advantage.I found many interesting things from this site. It helps me in many ways.Thanks for posting this again. Landfillgasenergy

    ReplyDelete
  37. A handyman gives various sorts of upkeep administration work including the establishment and fix of lines, fittings and apparatuses.gas boiler service near me

    ReplyDelete
  38. United States of America- the most cherished destination for job-seekers from all around the globe; it is not only the economic power-centre of the world but also the cultural leader. Jobs in USA are among the most desired dreams of job seekers from all around the globe. A home to some of the most valued organizations of the world, USA is enchantment for every aspirant. https://dynamichealthstaff.com/jobs-in-dubai-for-nurses

    ReplyDelete
  39. As the air ignores the loops, it also decreases in temperature.
    evaporative cooler service near me

    ReplyDelete