GS-29 & DWN F1 is a conventional gas development located in shallow water in India and is operated by Oil and Natural Gas. Discovered in 1992, GS-29 & DWN F1 lies in block GS-29 and GS-29 Extn., with water depth of around 997 feet.
The project is currently in approval stage and is expected to start commercial production in 2023. The GS-29 & DWN F1 conventional gas development will involve the drilling of approximately six wells and includes subsea tree.
Field participation details
The field is owned by Oil and Natural Gas.
Production from GS-29 & DWN F1
Production from the GS-29 & DWN F1 conventional gas development project is expected to begin in 2023 and is forecast to peak in 2023, to approximately 14,122 bpd of crude oil and condensate and 30 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2038.
Remaining recoverable reserves
The field is expected to recover 33.58 Mmboe, comprised of 25.61 Mmbbl of crude oil & condensate and 47.79 bcf of natural gas reserves.
About Oil and Natural Gas
Oil and Natural Gas Corp Ltd (ONGC) is an integrated energy company operating along the hydrocarbon value chain. It discovers, produces, refines and markets oil and gas, and also manufactures petrochemicals. ONGC also carries out power generation and has considerable renewable energy operations. The company carries out refining operations through Mangalore Refinery and Petrochemicals Ltd and Hindustan Petroleum Corporation Ltd. It sells products to oil refining and gas marketing companies. In addition, the company conducts overseas operations through its subsidiary, ONGC Videsh Ltd (OVL). It has operations in Latin America, the Middle East and Africa, Asia-Pacific, and Europe. ONGC is headquartered in New Delhi, India.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.
