Oil and Natural Gas Corporation’s (ONGC’s) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said.
Company’s director (offshore) Shri Pankaj Kumar said a floating production unit, called FPSO, which will be used to produce oil, is already in Indian waters. “We estimate oil production should start in May,” he said.
The block is currently producing 1.7 million standard cubic metres per day (mmscmd) of natural gas.
“We will start with 10,000 to 12,000 barrels per day and reach the peak of 45,000 bpd in 2-3 months,” he said, adding some 2 mmscmd of gas would also flow with oil but actual gas output will start in May 2024 when 7-8 mmscmd production is expected.
Financial Express
