ONGC - Monetisation of DUDP Project

The Daman Upside Development Project (DUDP), in the western offshore, located about 180 Kms north west of Mumbai and about 80 Kms south of Pipavav, Gujarat, with Capex of about USD 1 billion has achieved a significant milestone on 29.03.2026 by monetisation through flowing gas from Platform B-12-24P.

This platform has been successfully commissioned and gas sent to Hazira Plant.

The Project has been executed in less than two years from the date of award. This has been achieved through strong project execution, innovative use of the Drill-Deck and strong performance by drilling and Production teams.

This milestone marks the commencement of gas monetisation from the DUDP Project. Production from all wells will be ramped up in a phased manner.

Shares of Oil & Natural Gas Corporation Limited was last trading in BSE at Rs. 284.60 as compared to the previous close of Rs. 281.95. The total number of shares traded during the day was 2727126 in over 29347 trades.

The stock hit an intraday high of Rs. 288.35 and intraday low of 282.10. The net turnover during the day was Rs. 778874571.00.

Source : Equity Bulls

Keywords

OilandNaturalGasCorporation INE213A01029 ONGC DUDPProject Monetisation