Adani Welspun Exploration Limited (AWEL) is likely to commence gas production from its MB-OSN-2005/2 Block in Mumbai offshore in 2028.
Currently, AWEL has submitted its development plans to the Directorate General of Hydrocarbons (DGH) and is awaiting approval.
The MB-OSN-2005/2 block, located in the prolific gas-prone Tapti-Daman sector of Mumbai offshore basin, is jointly owned by Adani Group and Welspun Group holding 65 per cent and 35 per cent share, respectively. The estimated gas reserves in the block stand at 0.75 trillion cubic feet. Besides, the companies have collectively invested around Rs 23 billion in the project so far.