KG-OSN-2004/1 & GS-49-2 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, KG-OSN-2004/1 & GS-49-2 was discovered in 2002, lies in block KG-OSN-2004/1, with water depth of around 226 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 $560 m. The KG-OSN-2004/1 & GS-49-2 conventional gas development will involve the drilling of approximately 11 wells and includes wellhead platform.
Field participation details
The field is owned by Oil and Natural Gas.
Production from KG-OSN-2004/1 & GS-49-2
Production from the KG-OSN-2004/1 & GS-49-2 conventional gas development project is expected to begin in 2024 and is forecast to peak in 2025, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2035.
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 KG-OSN-2004/1 & GS-49-2 Conventional Gas Field, buy the profile here.