ONGC adds 30-MMT of oil through redevelopment in Mumbai High

MUMBAI: Oil exploration and production major, ONGC, has added more than 30-million metric tonnes of oil till October to its basket through the ongoing re-development activities in Mumbai High.

"The incremental increase in our production through re-development activities in Mumbai High North and South projects is 30.63-million metric tonnes (MMT) till October this year," a company spokesperson said.

"The total incremental production from Mumbai High North Redevelopment project is 11.71-MMT while from Mumbai High South Redevelopment project, it is 18.92-MMT," the spokesperson said.

Phase 1 of Mumbai High North has added 11.14-MMT against the feasibility report (FR) target (revised) of 10.07-MMT.

"Phase 2 is under implementation and by the end of this September, 12 new wells against the 17 planned have been drilled. As on October 1, incremental oil is 0.57-MMT as against the FR target of 0.85-MMT," the spokesperson said.

The company has spent Rs 478.72-crore in the Phase-2 North project so far, the spokesperson said.