At a recent board meeting, the state-run energy explorer ONGC decided to invest over Rs 4,050 crore to upgrade Western offshore facilities (on the Arabian Sea) through two major projects.
The first project includes revamp of Unmanned Platforms Phase – II in Mumbai High and Neelam & Heera Asset. The total revamp job is expected to be completed by pre-monsoon 2016.
The second one entails revamp of two major process complexes, BPA and BPB, in the prolific Bassein & Satellite field on the Western offshore.
In another development, the board took note of three significant oil and gas discoveries, two in the countryÂ’s East Coast and one in Tripura in the North-East, the company said in a statement.
The company found a discovery at its exploratory well Vanaduru South 1 in West Godavari District of Andhra Pradesh. Oil from the well flowed at the rate of 181 barrels a day and gas at the rate of 51,772 cubic metre a day. The company said the oil was of very high quality and the discovery indicated a good potential in the area.
The firm also found oil at the NELP block KG-OSN-2004/1 in the Krishna-Godavari shallow offshore basin in the East Coast. On testing the first interval, the gas flowed at the rate of 409,453 cubic metre a day.
The firm found gas at the third block in Tripura at its pre-licensing round block. Conventional testing showed gas at the rate of 1,08,576 cubic metre/day, it added.
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