ONGC finds more gas offshore Gujarat

Offshore staff

NEW DELHI, India -- ONGC (NSE: ONGC, BSE: 500312) has discovered gas in the GK-42-1 prospect off northeast India.

The discovery was in 30 m (98 ft) water depth in the Kutch block 1 extension nomination block, around 50 km (31 mi) from Okha Port in Gujarat.

Drilling started on Dec. 31, and the well was drilled to a depth of 1,470 m (4,823 ft). During testing, gas flowed from the 1,372-1,369 m (4,501-4,491 ft) interval in the Palaeocene Nakhatrana formation.

Another interval in the Jakhau formation on the MDT also delivered gas. ONGC has yet to perform testing of this formation, however.
The company says this latest find, south of the GK-28 discovery, should encourage further exploration in the region.

Elsewhere offshore India, ONGC’s board has approved advancement of development of the C-23, C-26, and B-12-1 fields for a capital cost of 2592.17 Crore.

This will involve construction of three wellhead platforms, associated facilities and pipeline, drilling and completion of eight wells, and conversion of the 1981-vintage drilling rig Sagar Pragati to a mobile offshore production unit (MOPU).
ONGC is aiming for start-up prior to the 2014 monsoon season instead of 2018 as envisaged earlier. It estimated cumulative gas and condensate production from this project at 16.67 bcm (589 bcf) and 2.81 MMcm (17.66 MMbbl) by 2024-25.

3/26/2012

 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...