GK-28/42 Project is a conventional gas development located in shallow water 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, GK-28/42 Project was discovered in 2009, the field with water depth of around 98 feet. Buy the profile here.
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The project is currently in approval stage and is expected to start commercial production in 2025. The development cost is expected to be $435 m.
Field participation details
The field is owned by Oil and Natural Gas.
Production from GK-28/42 Project
Production from the GK-28/42 Project conventional gas development project is expected to begin in 2025 and is forecast to peak in 2026, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2080.
About Oil and Natural Gas
Oil and Natural Gas Corp Ltd (ONGC) is India's largest crude oil and natural gas company. Its primary activities include the exploration and production of oil and gas, with in-house service capabilities in all related areas. The company's main products are crude oil and natural gas, which are used by downstream companies to produce petroleum products such as petrol, diesel, kerosene, naphtha, and cooking gas LPG. ONGC operates through several subsidiaries, including ONGC Videsh, Mangalore Refinery and Petrochemicals Limited (MRPL), and Hindustan Petroleum Corporation Limited (HPCL). These subsidiaries cater to various industries, providing services ranging from oil and gas exploration overseas to the production of petrochemicals and the distribution of petroleum products. ONGC's distribution network includes a pipeline network, aviation service stations, LPG bottling plants, inland relay depots, and retail outlets. 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 GK-28/42 Project Conventional Gas Field, buy the profile here.
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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.
