India’s ONGC to invest in Daman development in Arabian Sea

India’s Oil & Natural Gas Corp. will invest $864.5 million to enhance natural gas and condensate production from its Tapti Daman block in the Arabian Sea.

India’s Oil & Natural Gas Corp. will invest $864.5 million to enhance natural gas and condensate production from its Tapti Daman block in the Arabian Sea.

ONGC plans to install seven wellhead platforms, one riser platform, and drill 28 wells. Completion is scheduled “by pre-monsoon 2019.”

The project is about 100 km offshore Daman and includes additional development of the C-24 field and monetization of the B-12 marginal fields (B-12-11, B-12-13, and B-12-15).

ONGC’s board approved the Daman project at its Aug. 28 annual meeting. It follows board approval earlier this month for $963 million Mumbai High (South) redevelopment (Phase 3). A $743 million Mumbai High (North) redevelopment (OGJ Online, July 1, 2014) also is planned.

The company said the projects represent its “aggressive investment posture to ramp up production for the western offshore.”

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