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Oil Production From The Asset

It is ONGC&electromagnetic flowmeter Manufacturers39;s fastest growing asset, spread over 7,300 square kilometres in Arabian Sea.end-ofTags: ongc, bassein, arabian sea, c-26, daman development projectLocation: India, Maharashtra, Mumbai (Bombay)Related StoriesMaruti zooms past Infosys, ONGC in m-capOil Min forms committees to monitor ONGC and OIL performanceNatural gas production no longer profitable business: ONGCONGC Q4 Net dips 6.Bassein field had 393 billion cubic meters of initial gas in place, of which 248 bcm (about 7 trillion cubic feet) has been producedOfficial sources said gas production has regained the 30 mmscmd mark and will climb to 34 mmscmd in few weeks. Sources said projects worth Rs 13,181 crore to exploit C-26, Daman, Bassein and Vasai East discoveries will help ramp up the output further.

The Rs 6,086 crore Daman development project will give a peak gas output of 8.Located 80-km off the Mumbai coast, the Bassein gas field, also called the Vasai field, was discovered in 1976 and put in production in 1988.644 million cubic meter of condensate, they said.2 per cent at Rs 4,340 croreMarch crude oil output gets ONGC lift, grows modestly.Vasai East additional development project, costing Rs 2,476 crore, will help raise crude oil production from 5,600 barrels per day (bpd) to 17,550 bpd and gas from 1.Crude oil production from the asset has risen from about 1 million tonnes to 2.The turnaround started after Sanjay Kumar Moitra, Executive Director, Oil and Natural Gas Corp (ONGC), took over as the Asset Manager of Bassein and satellite fields in December 2013.94 bcm of gas and 0. Official sources said gas production has regained the 30 mmscmd mark and will climb to 34 mmscmd in few weeks before touching 37 mmscmd by December 2018.97 million cubic meter of condensate.5 million tonnes in last three years, making it the second highest oil producing asset of ONGC.

The field, now in its 28th year, is well past its estimated life of 20 years. It comprises South Bassein field that produces 18 mmscmd of gas, NBP (D-1) field, B-193 super sour field, Vasai East field and C-Series and Daman gas field.Representational Image.5 mmscmd.New Delhi: India’s largest natural gas field Bassein in the Arabian Sea has seen a remarkable turnaround with the natural decline that had set in at the 28-year old field reversed and output slated to rise by a quarter to a record high in 2018. It achieved a peak output of 29 mmsmd in 2011 before starting to decline.3 mmscmd and 9,600 bpd of condensate while the Rs 4,619 crore Bassein integrated development project will help produce 19.36 bcm of gas and 1.3 mmscmd to 2. C-26 Cluster development project, costing Rs 2,592 crore, would produce 5.The field, which had hit a peak of 29 million standard cubic meters per day (mmscmd) in 2011, had seen output decline thereafter but the same has now been reversed in last three years.

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