ONGC injects cash and resources into Daman offshore project

Submitted by Paddy Harris on Fri, 2014-08-29 17:34

29th August 2014

ONGC will be investing around USD 862m towards the Daman Development project to enhance production of natural gas and condensate in its Tapti Daman Block in the Arabian Sea

ONGC injects cash and resources into Daman offshore project

The gas and condensate will be transported to Hazira through Tapti Process facilities of Tapti-JV

The project is located about 90-100 kilometres from the Daman coast and includes additional development of C-24 field and the monetisation of the B-12 marginal fields (B-12-11, B-12-13 and B-12-15).

Production is expected by July 2016 with a peak production rate of 8.35 MMSCMD of gas and 9,286 barrels of condensate per day. The cumulative production till 2034-35 is pegged at 27.67 billion cubic metres (BCM) of gas and 5.01 million cubic meters (MMm3) of condensate.

The gas and condensate will be transported to Hazira through Tapti Process facilities of Tapti-JV.

The project envisages installation of seven well head platforms, one riser platform with associated pipelines and the drilling of 28 wells. The project is scheduled for completion by pre-monsoon 2019.