ONGC links Panna oilfield field via sub-sea pipeline, saves $43,000 per day
The Panna-Mukta oil field consists of two adjacent offshore oil fields northwest of Mumbai
The state-owned Oil and Natural Gas Corporation said on Thursday that it has linked the Bana oil field in the Arabian Sea to the coast via an undersea pipeline, helping to save US$43,000 per day in the cost previously incurred in transporting crude oil by ship. .
The Bana field, which is part of the assets of the Omani oil and natural gas company Bassein & Satellite (B&S) in West Bahr, produces 9,600 barrels of oil per day.
“Thanks to the successful connection of the Panna process platform to the subsea pipeline,” ONGC said in a statement, “the company has achieved a significant cost reduction of approximately US$43,000 per day.”
Oil from the field was previously transported by ship. Now it flows ashore via an undersea pipeline.
“Connecting the offshore pipeline reduces production downtime associated with tanker changes and eliminates lag fees during adverse weather conditions,” she added. “These combined savings and improved operating speed position ONGC for long-term success in the offshore oil and gas sector.
The task included laying two sections of 37.50 km of offshore pipeline and installing three main line oil (MOL) pumps and 3 booster pumps.
The Panna-Mukta oil field consists of two adjacent offshore oil fields northwest of Mumbai.
“This feat is a victory for the Indian oil and natural gas company and confirms its commitment to technological advancement and to entering into operational excellence in the oil and gas industry to increase production and secure the interest of Indian energy,” the statement said.
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First published: June 22, 2023 | 7:37 p.m ist