ONGC plans 18 wells at Madnam block

Vol 19, PW 4 (22 Oct 15) News in Brief
     

Hopes are high ONGC can begin producing from its onland CY-ONN-2002/2 block in Tamil Nadu as early as next year (2016) following oil ministry endorsement of a Field Development Plan on October 14.

ONGC tells PETROWATCH it plans to drill total 18 wells each to 3000 metres depth. Out of the total 18, nine will be oil wells and the remaining nine will be gas producers.

ONGC, adds a source, may start producing "small quantities" of oil and gas as early as December (2015). “Two or three wells were completed after testing,” we hear.

“All we need to do is open the valve to start production, development drilling will continue alongside.” ONGC is confident it can start full production from the block by the middle of next year (2016) and first gas production by end-2016.

Expect tenders soon for a 1500-hp land rig. In August 2012, ONGC announced the Madnam-3 oil and gas discovery which flowed 115 cubic metre 35-degree API oil and 11,500 cm/d gas when tested.