North Karanpura is a cbm development located onshore 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, lies in block NK-CBM-2001/1. Buy the profile here.
The project is currently in construction stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2016. The North Karanpura cbm development will involve the drilling of approximately 26 wells.
Field participation details
The field is owned by Deep Energy Resources, Indian Oil, Oil and Natural Gas and Savla Oil and Gas.
Production from North Karanpura
Production from the North Karanpura cbm development project is expected to begin in 2023 and is forecast to peak in 2024, to approximately 25 Mmcfd of natural gas. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2042.
Remaining recoverable reserves
The field is expected to recover 9.94 Mmboe, comprised of 59.65 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 North Karanpura CBM Field, buy the profile here.