India’s largest oil deposit, 160 km offshore, has been producing ‘black gold’ for 50 years – India TV Hindi

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India Mumbai High, India’s largest and largest oil field, was discovered 50 years ago today. Production from most of the fields it started has stalled to date, but ambitions for Mumbai High in the Arabian Sea remain high. Public sector company Oil and Natural Gas Corporation (ONGC) organized an event in Mumbai to celebrate the sector’s golden jubilee. “Over the last 50 years, Mumbai High has produced 527 million barrels of oil and 221 billion cubic meters of gas, which is about 70 percent of the country’s domestic production so far,” the company said.

This oil deposit is 160 km away in the Arabian Sea.

Mumbai High Field (earlier Bombay High Field) is located about 160 km off the west coast of India in the Arabian Sea. It was discovered in February 1974 by a Russian and Indian team. Production at this field began on May 21, 1976. Initially, oil production was 3500 barrels per day and within three years it reached 80,000 barrels per day. A subsea pipeline was laid in 1978 to transport oil from the field to refineries in Mumbai. Earlier crude oil was sent in tankers.

Decrease in production

Subsequently, in 1989, the production of oil from this field increased to 4,76,000 barrels per day and 28 billion cubic meters of gas per day. After that a gradual decline in production is observed. At present, around 1,35,000 barrels of oil and 13 billion cubic meters of gas are being produced daily from the Mumbai High. Due to the decline in oil and gas production, redevelopment projects were initiated. Mumbai High has had four redevelopment projects over the years, involving billions of dollars in investment.

Still in stock

There are still reserves in the field, which could continue to produce for a few more years. Former chairmen and directors of Western Offshore were felicitated at the Golden Jubilee celebrations. It also includes former chairman RS Sharma and DK Saraf. The successful completion of 50 years of Mumbai High marks an extraordinary and remarkable journey, the company said in a statement, quoting Petroleum and Natural Gas Minister Hardeep Singh Puri.

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