The Oil and Natural Gas Corporation (ONGC) is looking for international technical help to boost oil and gas output from its Mumbai High field, which is old and not as productive as it used to be. ONGC announced on X (formerly Twitter) that it has launched a global tender to find a technical service provider for this job.
The Mumbai High field, 160 km off the Mumbai coast, started production in 1976 and is now in a mature stage. ONGC wants to collaborate with a global expert to improve production for the next 10 years, with a possibility of extending the contract for another five years.
Currently, Mumbai High produces about 134,000 barrels of oil per day and 10 million standard cubic meters of gas daily. This field once hit a peak of 400,000 barrels per day in 1989. It’s estimated to still have around 610 million barrels of oil and over 40 billion cubic meters of gas left.
Long-Term Collaboration
The chosen service provider will be tasked with reviewing the field’s performance and suggesting ways to improve it. This includes evaluating wells, reservoirs, and management facilities, as well as implementing new technologies to increase production. They will receive a fixed fee and a share of any extra revenue generated from increased output.
ONGC stated that Mumbai High is one of its key assets, with a lot of potential left if managed with top-notch technology and practices. Bids for this tender are due by mid-September. Only international oil and gas companies with annual revenues over USD 75 billion are invited to participate.
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