ONGC starts production from U1B deep-water gas well in Krishna Godavari basin
Oil and Natural Gas Corporation (ONGC) said that it has commenced production from the U1B deep-water gas well in the KG-DWN 98/2 Block Cluster – II in the Krishna Godavari (KG) basin.
Said to be the deepest well of Cluster – II, the U1B gas well is projected to register a peak production of 1.2 million metric standard cubic meters per day (MMSCMD).
Tarun Kapoor, who is the Secretary of the Indian Ministry of Petroleum and Natural Gas (MoPNG), deep-water wells have a lot of production potential. He added that monetizing the U1B deep-water gas well is especially important for India as the government’s first priority is to ensure that domestic production is boosted and imports of oil and gas are reduced.
The KG-DWN-98/2 project is in close proximity to the KG-D6 block of Reliance Industries. The block holds multiple discoveries that have been grouped by ONGC into three clusters — Cluster-1, Cluster-2, and Cluster-3. Cluster-1 and Custer-3 are yet to be brought into production.
The Cluster 2 field, which is divided into two blocks — 2A and 2B is expected to produce 23.52 million metric tonnes of oil as well as 50.70 billion cubic metres (bcm) of gas.
Discover more from Business-News-Today.com
Subscribe to get the latest posts sent to your email.