ONGC to spend Rs. 7133 crore for 2nd phase Mumbai North Project
India's state run exploration giant ONGC has approved the second phase of Mumbai North Redevelopment Project at a cost of Rs. 7133 crore.
The project includes 6 new platforms, top side modifications of 10 existing well platforms, production facility at W1-4, 73 new wells, 38 side track wells, 26 additional injector wells, installation of 21 Electrical Submersible Pumps (ESP) and 141 km. of sub-marine pipeline etc.
The project is scheduled to be completed by September 2012. The project envisages an incremental oil and gas production of 17.354 MMT and 2.987 BCM respectively by the year 2030.
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