ONGC is planning to invest Rs.5,700 crore second phase of re-development of Mumbai High South (MHS) field.

The project envisages increase in recovery from the field to arrest the declining trend and increase the total production. Plans are also afoot to enhance the capacities of its gas processing plants at Hazira in Gujarat and Uran in Maharashtra by five to six million mmscmd each. While the project details are still under preparation, the expansion may cost ONGC approximately Rs.1,600 crore.

ONGC also plans to set up five production platforms and one processing platform in the second phase re-development. The project is expected to be completed in 2010-11. The re-development of MHS will lead to recovery of an additional 21 million tonne of oil from the field between 2011 and 2030.

ONGC completed the Rs 6,500-crore first phase of redevelopment of MHS in May 2007. The project included installation of 10 new well platforms, laying of new pipelines and upgrading of existing facilities besides drilling of 140 new wells.

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ONGC to invest Rs.11,000 crore in Mumbai High oilfields (04-Jul-07)