India’s ONGC finds 4 tcf in gas reserves offshore Daman

Jan 05, 2012 12:00 AM

State-owned Oil and Natural Gas Corp (ONGC) has discovered about 4 tcf of gas reserves off the Daman coast, which can produce 7 mm cmpd of gas in four years time.
"ONGC has over past few years made several discoveries some 50 km off the Daman coast. These cluster together hold about 4 tcf of in-place reserves," a source close to the company said.

The Daman cluster fields constitutes the B-12 North; B-12 South, C-26 and SD.
The exploratory efforts and drilling in the area is continuing. The company is currently working on a plan to develop the reservoir found in the Arabian sea, he said adding ONGC may invest $ 4 bn in developing the reserves.

ONGC currently produces about 51 mm cmpd of gas and the new reservoir found in a block that the company had got on nomination basis, would help add over 13 % to its output. Its biggest gas field, Bassein off the west coast, currently produces 31 mm cmpd.
"The field found off Daman can typically produce for 15 years," the source said adding ONGC plans to construct a gas receipt facility some 100 km south of Mumbai for processing the gas before it can be sold to consumers like power plants.

Separately, ONGC said it has made four oil and gas discoveries in the country. Gas was found in a well drilled about 7 km from Karimganj town in Assam while oil flowed in an exploratory well near Mandhali village of Mehsana district in Gujarat. Also, oil and gas was in a well in Nambar block, about 6-km from Noajan town in Golaghat district of Assam as well as in Viral block near Kadi town of Mehsana district of Gujarat.
"With these four discoveries, ONGC notifies 15 discoveries in three quarters of the fiscal 2012," the statement said.

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