New Delhi, Oct 3 (UNI) The Board of state-run Oil and Natural Gas Corporation Ltd (ONGC) has given its nod to Rs 5,713 crore second phase of redevelopment of Mumbai High South (MHS) field.
The redevelopment project will augment production from the South field of Mumbai High and will improve the oil recovery to over 346 million metric tonnes (MMt) with an incremental oil of 22 Million Metric tonnes. With current crude prices, the additional produce is valued at Rs 53,000 crore. This will improve the oil recovery to about 35 per cent by 2030, a company statement said.
The project envisages drilling of 86 infill wells. Five new well head platforms and six clamp-on structures are planned. A new process platform bridge connected to existing process complex ICP in Mumbai High South is proposed to handle the additional production, the statement added.
The phase-II follows the first redevelopment programme launched in October, 2001. Boosted by the success of the Phase-I redevelopment exercise, ONGC has gone for Phase-II redevelopment in Mumbai High south field.