ONGC to engage a globally-proven Technical Service Provider to enhance production from Mumbai High

ONGC to engage a globally-proven Technical Service Provider to enhance production from Mumbai High

Mumbai: ONGC is keen to engage an internationally-proven ‘Technical Service Provider’ to enhance production from its maturing Mumbai High field on the Arabian Sea. The Service Provider would be identified through an international competitive bidding (ICB), already floated on 1 June 2024 with due date for bid submission on 15 September 2024.

The giant multi-layered Mumbai High field, which commenced production 48 years ago in 1976, is currently in its mature stage of production and ONGC has implemented a number of schemes in this field to improve production. Mumbai High is one of the prime assets of ONGC and significant upside is still to be unlocked here if ONGC applies best-in-class reservoir management technologies and adopt globally-best operational and management practices.
 

Read Also : IndusInd Bank Q1 FY25 results, net profit at 2% YoY

As a custodian and operator of Mumbai High field, ONGC is keen to collaborate with a global ‘Technical Service Provider’. The service provider would be contracted for ten years, extendable by another five years.

The identified service provider would carry out a comprehensive review of field performance and identify improvements in Wells, Reservoir including water injection, and Facilities Management (WRFM). It would suggest and help implement suitable technological interventions to improve production. Integrated reservoir / FEED studies and development of detailed work plan for field development would also be within the scope of work.

 

Read Also : RBI issues guidelines on higher liquidity coverage ratio for retail deposits

All international oil & gas majors, having annual revenue above 75 billion USD, are invited to participate in this ICB.

Read Also : India assumes the Chair of Asian Disaster Preparedness Centre