Clough Wins Contract for Deepwater G1 Field from ONGC

ONGC has issued, on November 30 a Notice of Award of contract for G1-GS15 field offshore in Krishna–Godavari Basin to Clough Engineering of Australia at a cost of USD 215.35 Million for production of 1.0 Million Tons of low-sulphur crude oil and 6 Billion Cubic Meters of Natural Gas over the expected field life of 15 years.

The G1 field is located 28 kms offshore, in water depths ranging from 135 to 500 meters. Five production wells will be drilled with sub-sea completions, and the well–fluids will be transported by dual sub-sea pipelines rising from water depths of 429 meters to the processing facilities on-shore. Development of GS 15, a shallow-water field lying 5 kms offshore has been integrated in the project.

G1-GS15 development will create India's first "Digital Oil and Gas Field", incorporating remotely monitored and controlled 'Smart' Wells. The project was developed by ONGC with consultancy from INTEC.

ONGC's C&MD Mr. Subir Raha, noted that ONGC continues to lead in inducting advanced E&P technologies and skills in India. He also observed that this investment is not viable under the prevailing controlled pricing of Natural Gas, and the ONGC Board has approved the decision on the understanding that the output gas will be sold at market rates.