Key Points:
- ONGC launches international bidding process to find a partner for enhancing production from Mumbai High field.
- The aging field, operational since 1976, holds significant untapped potential.
- The chosen service provider will conduct a comprehensive performance review and suggest improvement strategies.
- Collaboration aims to unlock Mumbai High’s potential through advanced technologies and best practices.
India’s Oil and Natural Gas Corporation (ONGC) is casting its net globally in a bid to breathe new life into its aging Mumbai High oilfield. This vital asset, responsible for a significant portion of India’s oil production, has entered its mature stage after nearly five decades of operation.
To unlock Mumbai High’s remaining potential, ONGC has announced an international competitive bidding process (ICB) launched on June 1, 2024. The deadline for submissions is September 15, 2024.
“We’re looking for a world-class Technical Service Provider with a proven track record,” said ONGC in a statement. This partner will be tasked with conducting a comprehensive review of the field’s performance, focusing on key areas like well management, reservoir optimization (including water injection), and overall facilities management.
The successful bidder will play a crucial role in identifying improvement opportunities and recommending suitable technological interventions to boost production. Their expertise will extend to integrated reservoir studies and the development of a detailed plan for further field development.
“Mumbai High remains a significant asset for ONGC,” the statement continued, “and we believe significant upside potential can be tapped by leveraging best-in-class reservoir management practices and globally-recognized operational and management expertise.”
This move underscores ONGC’s commitment to maximizing output from Mumbai High, a field that has been instrumental in India’s energy security for nearly half a century. By collaborating with a leading international service provider, ONGC aims to ensure this vital asset continues to contribute meaningfully to the nation’s energy needs.
