The total investment for the projects is $138 million. BG India is a partner of Oil and Natural Gas Corporation (ONGC) and Reliance Industries in the PMT fields which are key producing fields contributing 7 per cent to Indias total oil and gas production.
The enhancement projects involve an infill-drilling programme of upto 18 wells in the Panna-Mukta oil and gas fields and a four-well re-completion drilling programme in the Tapti gas field.
Seven of the 18 wells, and the re-completion wells, are due to be drilled beginning in the first quarter of 2004. The timing of the further 11 wells will be firmed up at a later stage.
Nigel Shaw, vice-president of BG India, said, Enhancing the potential of these producing fields has been a long standing objective of BG India since we acquired 30 per cent interests in the fields in 2002. The enhancement projects are a step forward in fulfilling our commitment to increase domestic production of natural gas and oil. Jointly, the partners are discussing further development plans for the fields expansion and will seek government approval for this in due course.