ONGC, OIL seek bids for marginal-field EOR
India’s two largest state-owned upstream oil and gas companies are seeking partners to assist with enhanced recovery in marginal oil fields.
Oil & Natural Gas Corporation has opened international competitive bidding for 64 fields in 17 contract areas with total oil and gas in place estimated at 300 million tonnes of oil-equivalent.
Terms of the 15-year contracts will be revenue-sharing on production above business-as-usual baselines. Contracts may be extended by five years.
Contracts will include incentives for production above committed incremental output.
Oil India Ltd invited offers for enhanced recovery at Digboi oil field in Assam and Baggitibba oil field in Rajasthan. It estimates hydrocarbons in place at 49 million tonnes of oil-equivalent.
ONGC, meanwhile, has signed a memorandum of understanding with state-owned Indian Oil Corporation Ltd to use carbon dioxide captured at IOCL’s 13.7-million-tonne/year Koyali refinery for enhanced oil recovery in Gandhar field. The refinery and field are in Gujarat.
Source: Oil & Gas Journal