ONGC Daman Project Begins Gas Production

Oil and Natural Gas Corporation (ONGC) announced on March 29, 2026, that gas is now flowing from Platform B-12-24P for its Daman Upside Development Project (DUDP) in the western offshore. This marks the start of monetization for the $1 billion project, which was completed in less than two years.

Project Details

ONGC announced the start of gas flow from Platform B-12-24P on March 29, 2026. This signifies the beginning of revenue generation for the DUDP. The project in the western offshore cost about $1 billion and was completed in less than two years. Output from all wells will be increased gradually over time.

Significance

This achievement highlights ONGC's capability to deliver new projects on schedule, which is crucial for increasing India's domestic gas supply. The $1 billion investment is now set to generate returns, supporting the country's aim to cut import reliance and enhance energy security.

Background

The Daman field is a key asset for ONGC in its western offshore operations. The DUDP was developed to access further gas reserves and boost output from this vital area. ONGC has extensive experience in developing challenging offshore fields, a process that demands significant investment and advanced technology.

Impact

• Revenue generation from the DUDP project will now begin.
• Platform B-12-24P is operational, feeding gas to the Hazira Plant.
• ONGC reinforces its status as a major domestic gas producer.
• The company advances towards its production goals and project execution targets.

Potential Challenges

Challenges in gradually increasing production from all wells could potentially impact the timeline or final output volumes.

Industry Context

Reliance Industries (RIL) is a key player, operating major offshore gas fields such as KG-D6, which has seen significant redevelopment efforts. OIL India also contributes to the domestic oil and gas production sector and explores offshore prospects.

Context Metrics

No specific context metrics were provided for this event.

Looking Ahead

• Monthly production volumes from the DUDP project and their impact on ONGC's total output.
• Progress and efficiency of the gradual production ramp-up from all DUDP wells.
• ONGC's remarks on DUDP's financial contribution and operational performance during future earnings calls.
• Details on any planned expansions or new discoveries in the Daman field and adjacent offshore areas.