ONGC accuses DGH of delaying 98/2 development

Vol 20, PW 7 (15 Dec 16) Exploration & Production
     

ONGC is putting the blame squarely on the DGH for delaying its colossal $5.07bn Field Development Plan (FDP) at KG-DWN-98/2.

On December 14 the block Managing Committee was scheduled to meet to approve the FDP submitted on March 31, 2016. "The DGH has been sitting on the plan for a long time," complains a senior ONGC source on December 12.

"But I am 99.9% sure that the revised FDP will be approved on December 14." He adds nobody should blame ONGC for the delay this time at least and accuses the DGH of sending "irrelevant" queries on the geological and geophysical models of the field since April this year. "But still we sent them all our models for review!" says a source.

"We told the DGH that changes to the geological and geophysical model can be made throughout the life of the field. All depends on the reservoir." But our source adds the DGH is choosing to behave like a strict school headmaster rather than a good teacher.

"The DGH should tell us if our model is faulty so we can make corrections," we hear. "That's better than just sending out queries!" ONGC submitted an earlier version of the FDP with a $6bn price tag in August 2015.

This was approved on March 31, 2016 with a revised $5.07bn cost.