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.
The project is currently in approval stage and is expected to start commercial production in 2024. 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 2024 and is forecast to peak in 2025, to approximately 149 bpd of crude oil and condensate and 108 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2045.
Remaining recoverable reserves
The field is expected to recover 77.46 Mmboe, comprised of 0.85 Mmbbl of crude oil & condensate and 459.66 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.
For more details on the GK-28/42 Project 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.
