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ONGC To Invest Rs. 2600 Crore For Gas Field Development

India has lot of Gas fields but developing them to use them and get proper gas out put, these fields need to be developed by setting up proper machinery. India’s oil and gas production major, Oil and Natural Gas Corporation (ONGC) is going to invest about Rs. 2600 crore for the third phase of development of natural gas fields located on the West Coast of India.

ONGC New Logo - Oil & Natural Gas
ONGC – Oil & Natural Gas Corporation

Looking at some trivial figures, the actual cost of developing these gas fields is going to cost Rs. 2592.17 crore approximately. The total yield output of gas production from these gas fields after the development is going to be around 16.67 billion cubic meters. This production figures are approximates till 2024-25. The investment will also help ONGC to start the production from 2014 itself instead of 2018

Here are are the key involvements in the entire project:

  • Three well head platforms
  • associated amenities
  • pipeline
  • drilling and completion of 8 wells
  • alteration of old drilling rig Sagar Pragati to Mobile Offshore Production Unit (MOPU)

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