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BG, ONGC, Reliance interested in Panna field expansion

New Delhi: British energy firm BG Group on Thursday said it along with its partners state-owned Oil and Natural Gas Corp (ONGC) and Reliance Industries Ltd (RIL) will invest 140 million dollars in Panna oil and gas fields, offshore Mumbai, to target new reserves and expand current production. The development plan comprises construction and installation of two new wellhead platforms and associated infield pipelines to connect to the existing processing and compression platform. The drilling schedule, to begin in the second quarter of 2005, includes six horizontal wells from one platform and five horizontal wells from the other.

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