Cluster III is a conventional gas development located in ultra-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 III was discovered in 2006, lies in block KG-DWN-98/2, with water depth of around 9,318 feet. Buy the profile here.
The project is currently in feasibility stage and is expected to start commercial production in 2024. The development cost is expected to be $3,200 m. The Cluster III conventional gas development will involve the drilling of approximately nine wells and includes FPU.
Field participation details
The field is owned by Oil and Natural Gas.
Production from Cluster III
Production from the Cluster III conventional gas development project is expected to begin in 2024 and is forecast to peak in 2034, to approximately 688 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 444.90 Mmboe, comprised of 2,669.39 bcf of natural gas reserves.
Contractors involved in the Cluster III conventional gas field
The key contractors involved in the Cluster III project as follows.
Other Contractors: Bayphase
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 III Conventional Gas Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
