ONGC Expands Oil Production Capabilities in Krishna Godavari Basin
Sunday, 25 August 2024, 15:45
ONGC Reaches New Heights in Oil Production
State-owned Oil and Natural Gas Corporation (ONGC) announced the opening of a new well on its flagship deep-sea project in the Krishna Godavari Basin, specifically the KG field. This advancement is expected to enhance crude oil and natural gas production capabilities.
Significance of the KG Field Well
- Hardeep Singh Puri called this launch a major milestone for energy production in India.
- The well is part of ONGC's ongoing efforts to extract hydrocarbons from the KG-DWN-98/2 block, also known as the KG-D5.
- This development marks an important step toward meeting India's rising energy demands.
This significant investment by ONGC underscores the strategic importance of the Krishna Godavari basin in the country’s energy landscape.
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.