ONGC to fast-track Mumbai High North Redevelopment Project
Oil and Natural Gas Corporation Ltd. (ONGC) has approved the second phase of Mumbai High North (MHN) Redevelopment project, which will yield an significant incremental crude oil production. The decision to launch Phase II of Mumbai High North Redevelopment comes after the success of the first phase, which was launched in October 2000 (and completed in December 2006).
The total cost of this Redevelopment Project is Rs. 7133.39 crore (considering an exchange rate of Rs. 49 per US dollar). The project is scheduled to be completed by September 2012.
Mumbai High field was discovered in 1974 and was put on production in May 1976. The field is currently producing a little over 12 MMT a year (245,000 bopd) and has already produced 24 per cent of the Initial-Oil-In-Place (IOIP) cumulatively. The field has two hydrocarbon pools in North and South and for development purpose, these have been delineated as two projects – Mumbai High North (MHN) and Mumbai High South (MHS). Both MHN and MHS were developed separately and are currently (2007-08) producing 4.34 MMT and 7.69 MMT of crude oil respectively. The phase II of Mumbai High North Redevelopment aims to further improve recovery from Mumbai High, with fresh inputs like drilling 73 new wells and side-tracking of 38 sick/poor producers. Development of small reservoirs (L-II and L-I) has been integrated with the main reservoir (L-III) to improve overall oil production and development economics. As in the case of Phase-I, new evolving technologies will be inducted in this phase of redevelopment also.
After the Board approval, ONGC CMD Mr. R S Sharma said that this Redevelopment Plan will be done on fast-track and will improve overall production of ONGC.
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