NEW DELHI: Oil and fuel manufacturing from ONGC’s $5-billion showpiece mission off the Andhra coast is about to rise after the state-run explorer introduced on stream the fifth of the 13 wells within the deepsea KG-D5 block, a transfer that can enhance income and contribute in the direction of decreasing the nation’s import dependence.
The oil properly was opened on Saturday, the corporate stated in a inventory trade submitting on Sunday with out quantifying the manufacturing fee.”Leveraging the floating manufacturing, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of related fuel, all of the whereas underscoring its dedication to reaching zero fuel flaring,” it stated, including the export hyperlink between the offshore facility and onland receiving terminal has additionally been commissioned.
Oil manufacturing from the mission, envisaging 13 wells for oil and 7 for fuel started in January. The corporate plans to ramp up manufacturing by opening the wells step by step to keep up reservoir well being and keep away from geological surprises of water or sand ingress choking manufacturing like they did in case of Reliance Industries Ltd’s fabled KG-D6 block subsequent door.
Peak manufacturing is anticipated to be 45,000 barrels of oil per day (bopd) and over 10 million customary cubic meters per day of fuel. Present manufacturing is estimated at 12,000 bopd and 0.4 mmscmd of fuel.
The oil properly was opened on Saturday, the corporate stated in a inventory trade submitting on Sunday with out quantifying the manufacturing fee.”Leveraging the floating manufacturing, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of related fuel, all of the whereas underscoring its dedication to reaching zero fuel flaring,” it stated, including the export hyperlink between the offshore facility and onland receiving terminal has additionally been commissioned.
Oil manufacturing from the mission, envisaging 13 wells for oil and 7 for fuel started in January. The corporate plans to ramp up manufacturing by opening the wells step by step to keep up reservoir well being and keep away from geological surprises of water or sand ingress choking manufacturing like they did in case of Reliance Industries Ltd’s fabled KG-D6 block subsequent door.
Peak manufacturing is anticipated to be 45,000 barrels of oil per day (bopd) and over 10 million customary cubic meters per day of fuel. Present manufacturing is estimated at 12,000 bopd and 0.4 mmscmd of fuel.
