ONGC outlines investment plans for Daman project
Indian state-owned company looking to increase natural gas production
India’s Oil and Natural Gas Corporation (ONGC) has outlined plans to invest $863mn on the Daman Development Project.
The state-owned organisation is looking to boost natural gas and condensate production at the offshore project at Tapti Daman Block in the Arabian Sea.
Production is expected by July 2016 with peak output of 8.35mn standard cubic meters per day of gas and 9,286 barrels of condensate per day.
“The cumulative production till 2034-35 is pegged at 27.67bn cubic meters (BCM) of gas and 5.01mn cubic meters of condensate,” said ONGC.
Seven well head platforms and one riser platform with associated pipelines will be used on the project, with ONGC planning to drill 28 wells.
The project is located about 90-100km from Daman coast and includes additional development of C-24 field and monetization of B-12 marginal fields (B-12-11, B-12-13 and B-12-15).