ONGC takes over Tapti gas field

The Mid & South Tapti field in Western Offshore of India was awarded by Government of India in December, 1994 under the Production Sharing Contract (PSC) regime, with current participation of ONGC (40%), British Gas (30%) and Reliance Industries (30%). The PMT JV informed to the Government declaring their intention of abandoning the Tapti Field and associated facilities upon cessation of production. ONGC conveyed its interest of utilizing the part of Tapti Facilities. Accordingly, the Government decided to handover the identified facilities to ONGC as Government Nominee in line with the PSC provisions. The JV members have accordingly signed the Tapti Asset Transfer Agreement recently with ONGC.

ONGC has committed an investment of over INR 8,600Cr towards Daman Development Project and C-26 cluster Development Project to enhance production of Natural Gas and Condensate from its Daman Block in Arabian Sea. The production from these two projects is expected to start in second quarter of the current financial year, 2016-17. The construction of 10 Well Head Platforms, one riser platform, subsea pipelines and other associated facilities are in progress for Daman and C-26 Development Projects. Now, with the availability of the Tapti Process platform, necessary modification and construction works will be carried out expeditiously and gas production can be started from these projects as per schedule.

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