Oil & Natural Gas Corporation Ltd. Launches Production From New Well in Krishna-Godavari Basin
Sunday, 25 August 2024, 13:19
Expansion of Oil Production
State-owned Oil and Natural Gas Corporation Ltd. (ONGC) announced the commencement of oil production from its fifth well in the Krishna-Godavari Basin on Sunday.
Significance of the New Well
- This new well is part of ONGC's deep-sea project, enhancing its ability to extract valuable crude oil and natural gas.
- The ongoing efforts are critical for the country’s energy security, especially as global demand for oil continues to rise.
Previous Developments
Earlier this year, ONGC had successfully initiated production from the KG-DWN-98/2 or KG-D5 block, further solidifying its position in the oil sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.