North Karanpura is a cbm development located onshore India and is operated by Oil and Natural Gas. North Karanpura lies in block NK-CBM-2001/1.
The project is currently in construction stage and is expected to start commercial production in 2022. Final investment decision (FID) of the project was approved in 2016. The North Karanpura cbm development will involve the drilling of approximately 26 wells.
Field participation details
The field is owned by Deep Energy Resources, Indian Oil, Savla Oil and Gas and Oil and Natural Gas.
Production from North Karanpura
Production from the North Karanpura cbm development project is expected to begin in 2022 and is forecast to peak in 2023, to approximately 25 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2046.
Remaining recoverable reserves
The field is expected to recover 10.29 Mmboe, comprised of 61.73 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.