By Manash Goswami, Bloomberg
New Delhi: Oil & Natural Gas Corp., India’s biggest explorer, expects output at the Tapti Field, to increase by 60% by September.
Production at Tapti, off India’s west coast, will rise to 12 million cubic metres a day from 7.5 million cubic metres, Sudhir Vasudeva, executive director at the state-run explorer, said in an interview in New Delhi today.
An increase in gas production will help the power-starved nation boost output at its gas-fired generators. India’s gas-fired power plants are getting 30 million cubic meters of gas a day compared with 48 million cubic metres that would be consumed should the capacity be fully utilized, R.V. Shahi, former power secretary, said in October.
BG Group and its partners may spend about $1 billion in five years in boosting oil and gas output from Panna, Mukta and Tapti fields off western India to feed growing demand, William Adamson, BG India managing director, said on 2 March.
BG and Reliance Industries Ltd. each own 30% in the area. Oil & Natural Gas owns the rest.