BG, partners approved to expand Panna-Mukta, Tapti fields off India

    Oct. 2, 2003
    BG Group PLC and partners Oil & Natural Gas Corp. Ltd. and Reliance Industries Ltd., have received approval from India to begin a $138 million project to enhance the production of Panna-Mukta and Tapti fields off western India. The key fields contribute 7% to India's total oil and gas production.

    By OGJ editors

    HOUSTON, Oct. 2 -- BG Group PLC and partners Oil & Natural Gas Corp. Ltd. and Reliance Industries Ltd., have received approval from India to begin a $138 million project to enhance the production of Panna-Mukta and Tapti fields off western India. The key fields contribute 7% to India's total oil and gas production.

    The partners will conduct infill drilling on as many as 18 wells in Panna-Mukta fields and four well recompletions in Tapti field. Drilling on seven wells and the recompletions will begin in first quarter 2004.

    BG acquired 30% interests in the fields in 2002. The partners, which agreed this spring to form an integrated joint operating framework, said they plan to invest $700 million over the next few years to develop the fields (OGJ Online, Mar. 3, 2003).

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