ONGC starts oil evacuation from Panna field via sub-sea pipeline

State-owned Oil and Natural Gas Corporation (ONGC) said it connected the Panna oilfield in the Arabian Sea to land by a sub-sea pipeline, helping to reduce the cost of shipping crude oil by ships by USD 43,000 per day. 9,600 barrels of oil are produced each day by the Panna field, which is a Bassein & Satellite (B&S) asset of western offshore owned by ONGC.

ONGC, the business "has achieved a significant cost reduction of approximately USD 43,000 per day" with the "successful linkage of Panna process platform with subsea pipeline." Ships were once used to deliver oil from the field. Now, it travels to land via the subsea pipeline.

According to the statement, "the submarine pipeline connection eliminates demurrage charges during inclement weather and minimises production downtime associated with tanker changeovers." "These added financial benefits and increased operational flexibility equip ONGC for sustained success in the offshore oil and gas industry. Two sections of a 37.50 km undersea pipeline were to be laid, and three MOLs and three booster pumps had to be installed.

North-west of Mumbai, two neighbouring offshore oil fields make up the Panna-Mukta oilfield. "This remarkable feat is a triumph for ONGC and underscores its commitment to technological advancement and ushering in operational excellence in the oil and gas industry to raise output and further secure India's energy interest".