Cluster IIB is a producing conventional gas field 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, the field is located in block KG-DWN-98/2, with water depth of 4,149 feet. Buy the profile here.
Field participation details
The field is owned by Oil and Natural Gas.
Production from Cluster IIB
The Cluster IIB conventional gas field recovered 3.96% of its total recoverable reserves, with peak production expected in 2024. Based on economic assumptions, production will continue until the field reaches its economic limit in 2056. The field currently accounts for approximately 2% of the country’s daily output.
About Oil and Natural Gas
Oil and Natural Gas Corp Ltd (ONGC) is an integrated energy company operating along the hydrocarbon value chain. The company discovers, produces, refines, and markets oil and gas, and also manufactures petrochemicals. ONGC also carries out power generation and has considerable renewable energy operations. It 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 to this, 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 IIB Conventional Gas Field, buy the profile here.