Adani Welspun Mumbai Offshore gas block to start Output from 2028
Adani Welspun Exploration Ltd will start gas production from its Tapti-Daman sector block in the Mumbai Offshore basin by 2028. The joint venture, comprising Adani Group and Welspun Group, has invested around ₹2,300 crore and is awaiting approval ...
AWEL is also an operator with 100% interest in B-9 Cluster, an adjacent small field.
"The gas initially in place is 0.75 trillion cubic feet. We have submitted our plans to the Directorate General of Hydrocarbons and are awaiting approval. We hope to start production from the block from 2028," Welspun Enterprises managing director Sandeep Garg told ET in an interview.
The Adani Group holds 65% in AWEL through Adani Enterprises, while the Welspun Group owns 35% through Welspun Natural Resources - a wholly owned subsidiary of its flagship company, Welspun Enterprise. The companies have together invested around ₹2,300 crore in the block so far.
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