ONGC ropes in Malaysian consultant Intec Sea to develop K-G block.

ONGC has appointed Intec Sea of Malaysia to help it develop the KG-DWN-98/2 block, which sits next to the block owned by Reliance-BP-Niko consortium, in the K-G basin.

ONGC won the block in the first round of biddings - NELP-1 - back in 1999.

The block has been estimated to hold 500 million tonnes of oil and oil equivalent gas — 100 mt of oil and 445 billion cubic metres or 1.33 trillion cubic feet of gas — which makes it ten times as big as the Ravva field in the K-G basin, in the deepwater seas off the Andhra Pradesh coast. The block could potentially produce 75,000-90,000 barrels of oil a day.

'The consultant is drawing up drilling plans and scheduling year-wise rig deployment plans,' sources in ONGC told Business Line recently.


HBL