ONGC will incur a capex of $206.87 million on Mukta-B field development plan (FDP).

According to the plan, a total of six wells will be drilled in the field. An Invitation to Tender (ITT) for hiring of a rig has already been floated which is expected to be mobilized in April 2015.

In addition to this, a 5-km-long pipeline from the Mukta-A (MA) field to the Mukta-B (MB) field will also be laid. The 14-inch pipeline will be laid to evacuate fluid from the MA well.

L&T has been awarded EPIC contract and the platform is expected to be ready for drilling by March 2015. Purchase orders for long-lead items have also been placed and all fabrication activities are expected to be completed by February 2015.

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