Prime Minister dedicates ONGC’s key east coast project S1 Vasishta to the nation

Prime Minister dedicating the ONGC project S1 Vasishta and Strategic Crude Oil Storage facility of ISPRL to the nation and also laying the foundation stone for Krishnapatnam Coastal Installation of BPCL. First of the tough deep-sea forays of ONGC, in the promising eastern offshore has been successfully overcome with completion of S1- Vasishta Development Project built at the cost of about Rs 5,700 crore (USD 880 million). S1 and Vashista fields are free gas fields located 30-35 km off Amalapuram, Andhra Pradesh in water depths ranging from 300-700 meters with in-place reserves of estimated 19.692 BCM of gas to be realized through 4 wells, connected through dual 14” pipelines tied back to onshore terminal at Odalarevu in coastal Andhra Pradesh.