ONGC achieved milestone in oil and gas production!!!
India has achieved great success in oil and gas production. Public sector company ONGC has started a new well in KG-D5 Block. Union Petroleum and Natural Gas minister Hardeep Singh puri has described it as a big milestone for ONGC. He said that this will help the country to increase the production of oil and gas. KG-D5 block is close to reliance Industries' KG-D6 Block.
Production started from new well in krishna Godavari Basin
oil and Natural Gas Corporation (ONGC) said on sunday that it has achieved great success in krishna Godavari Basin in the Bay of Bengal. This will help us to increase the production of crude oil and natural gas. The new well is located in the sea about 35 km from the border of Andhra Pradesh. ONGC started producing crude oil from KG-D5 block in January. Now on august 24, they have also started the 5th well. The company has given this information in the stock exchange filing. However, the company did not say how much production is being done from the new well.
Hardeep Singh puri called it a big achievement of ONGC
Hardeep Singh puri said that this is a big achievement of ONGC in oil and gas production. This will not only help us in reducing the import of crude oil but it is also a big step for the energy sector. The target was to start this well in november 2021. But, it was delayed due to Covid-19. After this, the deadline was set for May, 2023, then December, 2023. But, production started from january 7, 2024. In january, ONGC had said that 45 thousand barrels per day can be produced from this field. ONGC has dug 13 oil and 7 gas wells in this field.
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