ONGC Makes Huge Gas Discovery Off Western India

ONGC has discovered large gas reserves in the Daman field offshore the western coast of India. "We have made a big gas discovery in Daman offshore field, north of prime Mumbai High fields. Initial assessment put the total in-place reserves at 30-50 billion cubic meters or 1 trillion cubic feet," ONGC Director of Exploration Yogesh B. Sinha said in a statement. Four appraisal wells have been drilled so far and large volumes of 3D seismic data collected. "We expect gas reserves bigger than anticipated," he said.

ONGC expects to drill either two or three more exploratory wells this year to get a total picture of the extent of reserves, Sinha said adding the fields in all probability would yield 3-4 million cubic meters of gas per day. ONGC is estimating that the discovery will go into production by 2004.

ONGC has also undertaken accelerated development of the Vasai East field where it struck 98.5 million tons of oil and oil equivalent gas last year, he said. Vasai East field is also located on the western offshore, east of gigantic Basine basin.