Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

ONGC’s Journey: Mumbai High Is 50 Not Out And Going Strong

Mar 05, 2024 - ndtvprofit.com
The article discusses the history and significance of the Bombay High oil field, discovered in 1974 by a Russian and Indian team. The field, located 160 km off India's western coast in the Arabian Sea, has produced 70% of India's domestic oil and gas production, and continues to produce 35% of India's oil and 18% of its gas. Despite half a century of continuous production, the field is still going strong, with an annual decline rate below 4.5%, compared to international figures of 8-10% for similar fields.

The Oil and Natural Gas Corporation (ONGC) plans to revitalize the field using advanced artificial intelligence/machine learning-based simulation models and low saline water injection. The company has also completed advanced seismic data acquisition to understand fluid movement in the reservoirs. The Indian government is urging ONGC to deploy cutting-edge technologies for sustainability and reduced environmental impact. The future of Bombay High lies in ongoing projects, exploring advanced technologies, and potentially expanding exploration efforts.

Key takeaways:

  • The Bombay High oil field, discovered in 1974, has produced 70% of India's domestic oil and gas, and continues to produce 35% of India's oil and 18% of its gas.
  • ONGC is planning to revitalize the Mumbai High field using advanced artificial intelligence and machine learning-based simulation models, and has completed advanced seismic data acquisition to understand fluid movement in the reservoirs.
  • Despite half a century of continuous production, the Mumbai High field's annual decline rate is below 4.5%, compared to the international figures of 8-10% for fields of similar size and age.
  • India's Minister of Petroleum & Natural Gas and Housing and Urban Affairs, Hardeep Singh Puri, has urged ONGC to deploy cutting-edge technologies for sustainability and reduced environmental impact, and the future of Mumbai High lies in a combination of ongoing projects, exploring advanced technologies, and potentially expanding exploration efforts.
View Full Article

Comments (0)

Be the first to comment!