ONGC Monetizes Daman Upside Development Project (DUDP) with Gas Flow
ONGC has successfully monetized its Daman Upside Development Project (DUDP) by initiating gas flow from Platform B-12-24P on March 29, 2026. The project, with a Capex of approximately USD 1 billion (approx. ₹8,300 crore), was executed in under two years.
The monetization of the DUDP project with a substantial capex of USD 1 billion is a key operational achievement and contributes to the company's revenue streams, indicating a medium impact.
The announcement details the successful commissioning and monetization of a significant project (DUDP) which is a positive development for the company.
Oil & Natural Gas Corporation Limited (ONGC) has achieved a significant milestone with the monetization of its Daman Upside Development Project (DUDP) in the western offshore. Gas began flowing from Platform B-12-24P on March 29, 2026, marking the commencement of gas monetization for the project.
The DUDP project, located approximately 180 Kms north-west of Mumbai and 80 Kms south of Pipavav, Gujarat, involved a capital expenditure (Capex) of about USD 1 billion (approximately ₹8,300 crore). The platform has been successfully commissioned, and the gas has been sent to the Hazira Plant.
The project was executed in less than two years from its award date, attributed to strong project execution, innovative use of the Drill-Deck, and the robust performance of the drilling and production teams. Production from all wells will be ramped up in a phased manner.
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Oil & Natural Gas Corporation Limited filed this with the NSE as a statutory disclosure, categorised under business responsibility and sustainability report (brsr). It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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