ONGC is taking up development of Block SB#11, northwest of the giant Vasai (Bassein) gas field. Success of recent exploratory well SB#11 led to determination of in-place oil potential of about 30 Million Barrels (4.3 MMT).
The development scheme envisages a well platform with drilling of three wells for a peak production of about 3000 BOPD from the 1st quarter of 2007. The well fluid will go through a sub-sea pipeline to BPA Process Complex for processing and dispatch to Uran Plant.
The fast-track development of Block SB#11 gas been approved by the ONGC Board with an estimated investment of Rs.219.77 Crore.
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