India’s ONGC gears up for ‘record’ 103-well drilling campaign

India’s state-owned Oil & Natural Gas Corporation (ONGC) is gearing up to launch a record 103-well development drilling campaign in its Bassein & Satellite asset offshore the country’s west coast. A senior company official said the campaign will enhance production by more than 710 mln-bbl of oil and oil equivalent gas over the life of the field, involving up to $2 billion worth of investments. ONGC’s west coast oil and gas fields are maturing and the company is investing billions of dollars into rejuvenating their production profiles. The company has three key assets offshore the nation’s west coast — Mumbai High, Heera & Neelam, and Bassein & Satellite, which together contributed the majority of ONGC’s 158 mln-bbl of oil and 21.68 billion cubic meters of gas production in the 2021-2022 financial year.

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