Bulletin Updates
Our exclusive: Daman Upside: Attention back on it – 14 Jan 2021
Jan 14, 2021
Now that prices are going up, the Daman Upside development is back in focus.
It is a big project and well-placed ONGC sources said that the crude oil price at which the viability of this gas field was established was at $53/bbl +-20%.
The offshore infrastructure is expected to centre on a new process platform, B-12, that will be bridge-linked to the existing B-12-11 wellhead platform.The project also envisages at least four new wellhead platforms — B-12-18-PA, B-12-18-PB, B-12-2-P and B-12-24-P. Several segments of subsea pipelines are also expected to be included in the project, with one source indicating that up to 150 kilometres of offshore lines could be involved. In the meanwhile, the existing Daman development involves the exploitation of the B-12 and C-24 marginal gas fields, off the country’s west coast.
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