ONGC Commissions Rs 60bn Projects to Boost O&G Production

Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 60 billion to add 7.5 million tonnes of oil production and 1 billion cubic meters of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields. A Rs 3,740-crore spend has been made on a state-of-the-art 8-legged water injection-cum-living quarter platform, as part of the Mumbai High South Redevelopment Phase-IV, while Rs 22.9246 billion have been spent on Cluster-8 marginal field development project at Mumbai High, the company said in a statement.

"The two projects will result in an incremental gain of 7.5 million tonnes of oil and more than 1 BCM of gas," it said.

Oil Minister Hardeep Singh Puri dedicated the two major projects to the nation at Western offshore on April 23. He was accompanied by Chairman Alka Mittal, Director (T&FS) O P Singh and Director (Offshore) Pankaj Kumar.

The Minister expressed his appreciation for the ONGC team for implementing the two projects. He exhorted ONGC to further enhance their efforts to add more oil and gas to the kitty of nations, adopting accelerated exploration activities," the statement said.