ONGC Starts Gas Monetisation at $1 Billion Daman Upside Offshore Project

Oil & Natural Gas Corp. Ltd. ( (IN:ONGC) ) just unveiled an announcement.

Oil & Natural Gas Corporation Limited has achieved first gas monetisation from its Daman Upside Development Project (DUDP) in the western offshore basin, about 180 km northwest of Mumbai and 80 km south of Pipavav, Gujarat. The roughly USD 1 billion project is centered on the B-12-24P platform, which has now been commissioned and is delivering gas to ONGC’s Hazira processing plant.

Executed in less than two years from contract award, the development underscores ONGC’s improving project execution capabilities, aided by innovative Drill-Deck deployment and strong drilling and production performance. The milestone marks the start of phased ramp-up of gas output from all wells under the DUDP, enhancing ONGC’s domestic gas production profile and potentially strengthening its position in India’s upstream energy market.

More about Oil & Natural Gas Corp. Ltd.

Oil & Natural Gas Corporation Limited (ONGC) is India’s flagship upstream oil and gas company, operating extensive offshore and onshore exploration and production assets. The state-run energy major focuses on developing domestic hydrocarbon resources, with a particular emphasis on offshore gas fields that supply key processing hubs such as Hazira, supporting national energy security.

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