ONGC finds gas in KG basin block
State-owned Oil and Natural Gas Corp (ONGC) today said it has struck natural gas in a block that sits next to Reliance Industries' KG-D6 area in the Krishna Godavari basin.
April 30, 2013 / 21:48 IST
State-owned Oil and Natural Gas Corp (ONGC) today said it has struck natural gas in a block that sits next to Reliance Industries' KG-D6 area in the Krishna Godavari basin.
ONGC found gas in an appraisal well drilled on the block KG-DWN-98/2, where the company had previously made 9 gas discoveries. "Exploratory/appraisal well KG-DWN-98-A#2 in NELP Block KG-DWN-98/2 was drilled to a depth of 2541 meters... (It flowed) 3200 barrels per day of oil and gas at the rate of 113,760 cubic meters per day (during testing)," the company said in a statement. This was the second appraisal well on the block and "will give a very significant boost to ONGC's efforts to monetise discoveries in Northern Discovery Area of this block," it said. Block KG-DWN-98/2, which sits next to RIL's KG-DWN-98/3 or KG-D6 block, is divided into Northern and Southern Discovery Area. Eight of the finds are in the northern part of the block. Also read: Rangarajan's formula too complex for gas consumers says SharmaThe Northern Discovery Area (NDA) consists of the Padmawati, Kanakadurga, Annapurna, D/KT, U, A, W and E gas finds in in water depths ranging from 594 metres to 1,283 metres. The Southern Discovery Area consisting of the UD-1 discovery falls in ultra-deepwater with a depth of 2,841 metres. The firm plans to drill 8 wells to appraise or re-ascertain the commerciality of the finds - six in NDA and two in SDA. ONGC said the appraisal has begun and KG-DWN-98-A#2 was the second appraisal well. MORE PTI ANZ SA Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
