Board of Directors of ONGC have, in its 280th meeting held today, approved the Field Development Plan (FDP) for the development of fields falling under Cluster 2 of the Deep-water NELP Block KG-DWN-98/2. The development would involve a Capital expenditure of USD 5,076.37 million (equivalent to INR 34,012 Crore @ 1 USD = INR 67).
Cluster 2 of the Block has been divided into two parts (i) Cluster 2A which has estimated In-place reserves of 94.26 MMt of crude oil and 21.75 BCM of Associated Gas (i.e. Solution Gas + Gas Cap Gas); and (ii) Cluster 2B which has estimated In-place reserves of Free Gas of 51.98 BCM. Production is envisaged at a peak oil rate of 77,305 bopd and 3.81 MMSCMD of associated gas through 15 producer wells along with 12 water injection wells with a peak water injection rate of 9,400 m3/d from Cluster 2A oil fields
The project envisages first gas to be produced by June 2019, first oil by March 2020, with overall completion in June 2020.
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