Prime Minister Narendra Modi dedicated Oil and Natural Gas Corporation’s U-field Onshore facilities of KG-DWN-98/2 Deep Water Block, situated in Odalarevu, Dr. B R Ambedkar Konaseema district of Andhra Pradesh to the Nation. The project was dedicated to the Nation along with the dedication/inauguration/foundation-stone laying of various other development projects worth over Rs. 10,700 crores in Visakhapatnam, Andhra Pradesh.
The U-Field is part of ONGC’s flagship deep-water KG-DWN-98/2 Cluster-II development project in the prolific Krishna Godavari Basin. U - Field is the deepest Gas discovery of the project, with gas production potential of about 3 million Standard cubic metre of gas per day. The first well of U field, ie, U-3-B is one of the fastest deep-water well monetized globally in record time of 11 months.
The gas from these wells is evacuated through the subsea facilities connected to an Onshore Terminal at Odalarevu situated in Dr. B R Ambedkar Konaseema district of Andhra Pradesh. The subsea structures for this project are being fabricated for the first time in the country (Katupalli Yard, Chennai), a capability which proved a boon for development of domestic E&P ecosystem with extensive skill development. U field monetization involves a CAPEX of Rs. 2917 Cr, and employment generation of ~3.4 million Man-hours. Gas produced from this project will add significant volumes to ONGC’s production and will be a giant leap towards making India a Gas-based Economy and Energy Security.
After the dedication/inauguration/foundation-stone laying of the projects, Prime Minister Modi said that these projects, along with energy reliance will boost infrastructural development, enhance connectivity and giving an impetus to ease of living in the region. At the same time, the projects will help in significantly improving socio-economic prosperity in the region and Nation.
