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ONGC makes significant oil, gas discovery in Arabian Sea - Mr Pradhan

Gasoil News - Published on Wed, 03 Jan 2018

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PTI cited Oil Minister Mr Dharmendra Pradhan as saying that state-owned Oil and Natural Gas Corp (ONGC) has made a significant oil and gas discovery to the west of its prime Mumbai High fields in the Arabian Sea. In a written reply to a question in the Lok Sabha, he said the discovery was made in the well WO-24-3 (WO-24-C) drilled west of Mumbai High fields.

Though, a holiday was declared for Parliament, replies to questions were posted on the Lok Sabha website.

Mr Pradhan said that "Based on the data generated during drilling, 9 objects/zones were identified and on testing all the objects flowed oil/gas."

He said that the discovery has indicated potential in-place reserves of about 29.74 million tonnes of oil and oil equivalent gas.

He added that "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 meter per day. This multi-layered oil and gas accumulation in this well opened up 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.

ONGC is carrying out a further appraisal of the discovery and has intimated upstream regulator the Directorate General of Hydrocarbons (DGH).

The new find, which comes almost 50 years after ONGC began production in Mumbai High, will help the company maintain production levels from the basin for a longer time than currently estimated.

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Posted By : Rabi Wangkhem on Wed, 03 Jan 2018
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