India: KG Offshore field development

GeoGlobal Resources Inc. has announced that all signatures for the approval of the Field Development Plan for the Deen Dayal West Gas Field in the KG-OSN-2001/3 (KG Offshore) exploration block have been obtained. On 18 June 2009, GSPC submitted the Deen Dayal West Field Development Plan in accordance with the provisions of the Production Sharing Contract to the Management Committee including the Government of India for approval. The Field Development Plan was approved with the following details: includes fifteen wells; four existing wells (KG#8, KG#15, KG#17 and KG#28) and eleven new development wells which include three slant wells and eight multilateral wells to be drilled; production facilities to include: two offshore platforms (one well head and one central processing); 20km long pipeline of 24in diameter up to landfall point; and one onshore gas terminal to include a gas sweetening unit, gas dehydration unit, dew point depression unit, condensate stabilization unit, sulphur recovery unit and a captive power unit; delivery point for gas will be the outlet flange of delivery facility located at the onshore terminal at Mallavaram Village, near Yanam, Kakinada, Andhra Pradesh; first gas production to commence December 2011; and GSPC as operator will apply for a 17sq/km mineral lease to cover this area. GSPC estimated in the Field Development Plan that on a preliminary basis, the gross costs for the production facilities will be USD 941 million and USD 860 million for the future development drilling costs.
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