Cluster IIA is a conventional oil development located in deepwater in India and is operated by Oil and Natural Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Cluster IIA was discovered in 2001, lies in block KG-DWN-98/2, with water depth of around 1,719 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2016. The Cluster IIA conventional oil development will involve the drilling of approximately 27 wells and includes fixed platform, FPSO, and subsea manifolds.
Field participation details
The field is owned by Oil and Natural Gas.
Production from Cluster IIA
Production from the Cluster IIA conventional oil development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 76,978 bpd of crude oil and condensate and 106 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2034.
Remaining recoverable reserves
The field is expected to recover 170.35 Mmboe, comprised of 136.57 Mmbbl of crude oil & condensate and 202.67 bcf of natural gas reserves.
Contractors involved in the Cluster IIA conventional oil field
Some of the key contractors involved in the Cluster IIA project as follows.
Main EPC: McDermott International, Baker Hughes and Larsen & Toubro
EPC Contractors: Sembcorp Marine Rigs and Floaters
Other Contractors: Fugro, Bumi Armada, Amarinth, Consub and Nauvata Engineering
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.
For more details on the Cluster IIA Conventional Oil Field, buy the profile here.