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  1. Market Data
April 28, 2022

Laxmijan Conventional Oil Field, India

By Carmen

Laxmijan is a conventional oil development located onshore India and is operated by Megha Engineering and Infrastructure. Discovered in 1985, Laxmijan lies in block AA/ONDSF/Laxmijan/2016.

The project is currently in construction stage and is expected to start commercial production in 2022.

Field participation details

The field is owned by Megha Engineering and Infrastructure.


Production from Laxmijan

Production from the Laxmijan conventional oil development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 1,240 bpd of crude oil and condensate and 2 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2062.


Remaining recoverable reserves

The field is expected to recover 7.13 Mmboe, comprised of 5.54 Mmbbl of crude oil & condensate and 9.51 bcf of natural gas reserves.


About Megha Engineering and Infrastructure

Megha Engineering and Infrastructure Ltd (MEIL) is a provider of infrastructure and engineering solutions. The company operates through irrigation, drinking water, power, railways and ports, sewage treatment, hydrocarbon, transportation, buildings and industrial infrastructure divisions. It offers spiral welded steel pipes, HDPE pipes, GRP and GRE pipes, pressure vessels and fiberglass reinforced plastic pipes. MEIL’s projects comprise Pattiseema Project, Ramthal Drip Irrigation,Narmada Kshipra Simhastha Link Project, WUPPTCL Project, Sauni Yojana Project, Veligonda Project, Handri-Niva Sujala Sravanthi Project, Dar-el-Salam, and Godavari Drinking Water Supply Scheme Project. The company develops projects located in India and Tanzania. MEIL is headquartered in Hyderabad, Telangana, 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.

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