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Central Government/Public Sector | Gujarat - India | PID: 186127
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ONGC to drill 406 wells in Gujarat oil and gas asset at a cost of Rs 2,403 crore New Delhi: Oil and Natural Gas Corporation (ONGC), India’s largest producer of oil and gas, has applied for Environmental Clearance (EC) for drilling 406 wells in its Mehsana asset in Gujarat at a cost of Rs 2,403 crore to tap into 13.65 Million Tonne of crude oil
“The proposed project will be covering an ML area of 1114 square km wherein 406 wells are proposed to be drilled for development. Likely cost of the project works out to be Rs 2,402.83 crore. It is planned that 195 wells will be in Non-EOR field area and 211 wells in EOR field area. Total oil production is about 13.6 MT to be produced over 6 years,” the company said in its EC application
The Expert Appraisal Committee is expected to take up the application soon. The company plans to drill 211 wells in its Enhanced Oil Recovery (EOR) field at a cost of Rs 6.73 crore per well and 195 wells in the Non-EOR field at a cost of Rs 5.04 crore per well
“The drilling process will involve a number of skilled and unskilled workers. There is possibility that local people will be engaged for the purpose and hence improve the existing employment scenario of the region. The drill site construction would be done largely by employing local labor. At each drill site local employment for 600 people will be generated,” ONGC said
The firm's crude oil production from Gujarat during April-January 2018-2019 period increased 0.72 per cent to 3,751 thousand tonnes while natural gas production from the state dropped 16 per cent to 1,116 Million Cubic Meter
ONGC was recently given an environmental clearance to drill 200 wells across various fields in Sivasagar district of Assam at a cost of Rs 6,000 crore. It has notified 11 new oil and gas discoveries in the current fiscal so far
| Updated on: 28 - Feb - 2019
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