After scripting a turnaround at its mainstay western adopted fields, state-run ONGC affairs to access up oil achievement by 23 per cent to 28-29 actor tonnes by 2019-20 as it brings newer fields into production.
Oil and Accustomed Gas Corp (ONGC), which has been beneath analysis of the Petroleum Ministry for falling achievement in the aftermost few years, produced 22.24 actor tonnes of awkward oil from its fields in 2013-14. This year it is targeting 23.51 actor tonnes.
“We are about on clue to affair this year targets. Till September, 94 per cent of the targeted circadian achievement was achieved,” ONGC administrator Dinesh K. Sarraf said.
Next fiscal, the assembly is projected to acceleration to 24 actor tonnes and will ability 28-29 actor tonnes by 2019-20. Accustomed gas production, which was 23.2 billion cubic metres (63.5 actor cubic metres per day) in 2013-14, will blow 24 bcm this year and 90-100 bcm in 2019-20, he said.
ONGC administrator (offshore) Tapas Kumar Sengupta said the aggregation has auspiciously antipodal the abatement achievement at its western adopted fields as it strategically addled “low-hanging fruits” this year. This included commutual three sub-sea wells at the Mumbai High acreage and application avant-garde technology to aftermath added oil B-193 accessory and D1 or NBP fields, he said.
“In April, western adopted produced 285,642 barrels of oil per day. This ages it produced 311,360 bpd, the accomplished in bristles years,” he said. While Mumbai High acreage and Neelam-Heera fields accept been about collapsed at 206,000 bpd, Bassein Accessory fields accept apparent achievement acceleration from 30,700 bpd to about 53,000 bpd.
“Last year, our oil assembly from adopted fields was 15.541 actor tonnes. This year we are targeting 16.915 actor tonnes,” he said. ONGC will use a amphibian assembly arrangement to access up achievement from the Cluster-7 fields by 50 per cent to 12,000 bpd.
Also, addition 10,000 bpd is accepted from D1 while bigger oil accretion and added oil accretion conduct at Mumbai High and Heera fields will advice arrest the accustomed abatement that has set in these ageing fields. WO-16 and B-127 fields additionally will add 15,000 bpd of production.
“The big advance will appear back we alpha bearing oil from a actual cogent analysis in the KG-D5 block,” he said, abacus that oil assembly will alpha from the analysis in 2019 and bound ability aiguille of 4.5 actor tonnes.
KG-DWN-98/2 (KG-D5) is predominantly a gas affluent block and sits aing to Reliance Industries’ KG-D6 in the Bay of Bengal.
“I can acquaint you actual absolutely that the account is not as austere as it is actuality projected. We will see assembly accretion activity forward,” he said. On gas, ONGC’s C-26 array activity off the Mumbai bank will activate giving 203 mmscmd from 2015-16 while Daman/C-Series fields in western adopted will alpha bearing 2 mmscmd in 2016-17 and go up to 8.5 mmscmd by 2019, he said.
A abundant 20 mmscmd of gas will appear from KG-D6 by 2018-19, he said, abacus that discoveries in Kutch fields will accord 2 mmscmd by 2021-22.
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