Tuesday, December 6, 2011

India - Oil and Gas Production - ONGC to invest in India’s B-127 oilfield, Mumbai Offshore

The company's board has approved the integrated development of the B-127 cluster, along with the additional development of the B-55 field.

The B-127 cluster comprises three marginal fields: B-127, B-157 and B-59, and is located east of the Mumbai High field, with significant hydrocarbon accumulations in multi-layered reservoirs within the Bassein and Panna formations. ONGC has in-place hydrocarbons of 24.6 million tonnes of oil and oil equivalent gas, of which 15.35 million tonnes in major pools is being considered for development.

The B-127 cluster development has an estimated cumulative production of 1.836 billion tonnes of oil and 2.093 billion cubic metres of gas over a ten-year period.



Article Source: Offshore Technology and Economic Times

Publication Date: 5 December 2011

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