Published On:December 5 2023
Story Viewed 424 Times

ONGC Plans to Submit Field Development Plan for World's Second Deepest Hydrocarbon Discovery by 2026

ONGC Plans to Submit Field Development Plan for World's Second Deepest Hydrocarbon Discovery by 2026

The Oil & Natural Gas Corporation (ONGC), a state-run entity, is gearing up to submit the field development plan (FDP) for what is anticipated to become the world's second deepest hydrocarbon discovery in the Krishna Godavari (KG) basin. This announcement was made in Parliament on Monday, as Minister of State for Petroleum & Natural Gas, Rameswar Teli, responded to queries in the Rajya Sabha.

ONGC operates the block KG-DWN-98/2, encompassing three clusters of discoveries-Cluster I, II & III. Minister Rameswar Teli stated, "In Cluster-III, there is one ultra-deepwater gas discovery, which would be the second deepest hydrocarbon discovery in the world when monetised. The FDP is scheduled to be submitted by January 2026."

Providing insights into the operational process for the blocks, Minister Teli explained that after discoveries are made in any block, the operator is mandated to submit the FDP for approval by the Directorate General of Hydrocarbons (DGH). Subsequently, the operator initiates production facility development, followed by testing and commercial production.

"In Cluster I, consisting of 3 discoveries, FDPs of 2 discoveries were approved in 2019. This project is currently in the development stage," Teli noted. He further mentioned, "In Cluster II, commercial production from one gas field has already commenced from March 2020, and commercial production of crude oil is scheduled for May 2024. The project is likely to achieve full completion by 2024."

Acknowledging the delays in operationalizing the blocks, Minister Teli attributed the challenges to the KG-DWN-98/2 block being an offshore project with complex geology. He cited issues such as sub-surface geological challenges, changes in well locations, and disruptions in the project supply chain due to the Covid-19 pandemic and adverse weather conditions as contributing factors to the delays.

HBL





OUR OTHER PRODUCTS & SERVICES: Projects Database | Tenders Database | About Us | Contact Us | Terms of Use | Advertise with Us | Privacy Policy | Disclaimer | Feedback

This site is best viewed with a resolution of 1024x768 (or higher) and supports Microsoft Internet Explorer 4.0 (or higher)
Copyright © 2016-2024

Technology Partner - Pairscript Software