ONGC Announces Gas Monetisation From Daman Upside Development Project

has commenced gas monetisation from its Daman Upside Development Project (DUDP) in the Arabian Sea, marking a key milestone in boosting domestic energy production. The $1 billion offshore project, located about 180 km off Mumbai, began commercial gas flow from the B-12-24P platform, with output being transported to the Hazira plant. The project is expected to produce around 21.5 billion cubic metres of gas over its lifecycle, with peak output estimated at ~5 mmscmd, and production will be ramped up in phases. What This Means * The project strengthens India’s domestic gas supply amid global energy uncertainties. * Reduced reliance on imports supports energy security and cost stability. * Fast execution (under two years) reflects strong project management capability. Key Things to Watch Going Forward 1. Ramp-up of production across additional wells. 2. Contribution to ONGC’s overall output and revenues. 3. Impact on India’s gas import dependency. 4. Future offshore project execution timelines. Opinion ONGC’s commencement of gas monetisation from the Daman Upside project is a strategically important step toward enhancing domestic energy resilience. At a time of global supply disruptions, incremental domestic production can help cushion price volatility and improve supply stability. The project’s swift execution also highlights improving operational efficiency in offshore development. However, the long-term impact will depend on consistent production ramp-up and integration into the broader energy ecosystem. Continued focus on such projects could play a crucial role in reducing India’s dependence on imported hydrocarbons. Source: The Hindu No Recommendations