GS-49 & Chandrika is a conventional gas development located in shallow water in India and is operated by Oil and Natural Gas. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, GS-49 & Chandrika was discovered in 2002, the field with water depth of around 226 feet. Buy the profile here.
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The project is currently in approval stage and is expected to start commercial production in 2026. The development cost is expected to be $553 m. The GS-49 & Chandrika conventional gas development will involve the drilling of approximately 10 wells and includes subsea manifold, subsea tree, and wellhead platforms.
Field participation details
The field is owned by Indian Oil and Oil and Natural Gas.
Production from GS-49 & Chandrika
Production from the GS-49 & Chandrika conventional gas development project is expected to begin in 2026 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2063.
Contractors involved in the GS-49 & Chandrika conventional gas field
The key contractors involved in the GS-49 & Chandrika project as follows.
Design/FEED Engineering: RINA
About Oil and Natural Gas
Oil and Natural Gas Corp Ltd (ONGC) is India's largest crude oil and natural gas company. Its primary activities include the exploration and production of oil and gas, with in-house service capabilities in all related areas. The company's main products are crude oil and natural gas, which are used by downstream companies to produce petroleum products such as petrol, diesel, kerosene, naphtha, and cooking gas LPG. ONGC operates through several subsidiaries, including ONGC Videsh, Mangalore Refinery and Petrochemicals Limited (MRPL), and Hindustan Petroleum Corporation Limited (HPCL). These subsidiaries cater to various industries, providing services ranging from oil and gas exploration overseas to the production of petrochemicals and the distribution of petroleum products. ONGC's distribution network includes a pipeline network, aviation service stations, LPG bottling plants, inland relay depots, and retail outlets. It has operations in Latin America, the Middle East and Africa, Asia-Pacific and Europe. ONGC is headquartered in New Delhi, India.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
