#ONGC #oilproduction #Cluster2project #KrishnaGodavaribasin #BayofBengal #FPSO #ArmadaSterlingV #rampup
The Oil and Natural Gas Corporation (ONGC) is gearing up to begin oil production from its Cluster-2 project located in the Krishna Godavari basin in the Bay of Bengal. The project will see the utilization of an impressive floating production unit (FPSO) named Armada Sterling-V, which has already been deployed in the block. ONGC’s strategy involves a gradual increase in production, initially focusing on 3 to 4 wells.
With the commencement of oil production from Cluster-2, ONGC aims to tap into the potential of the Krishna Godavari basin and contribute to the country’s energy needs. The use of the FPSO Armada Sterling-V allows for efficient offshore operations, providing ONGC with the flexibility to strategically ramp up production over time. By starting with 3 to 4 wells initially, ONGC can closely monitor the performance and ensure a smooth production process while also optimizing resource allocation.
This development signifies ONGC’s commitment to exploration and production activities in the region, showcasing their technological expertise and dedication to meeting the growing energy demands of India. As the production gets underway, it is expected to have a positive impact on the country’s oil reserves and contribute to the overall economic growth. The Cluster-2 project, along with the deployment of the advanced FPSO, sets the stage for ONGC to unlock the potential of the Krishna Godavari basin, further cementing their position as a key player in the Indian energy sector.
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