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Home » News » ONGC commences first oil production from deep-water in Krishna Godavari basin 

ONGC commences first oil production from deep-water in Krishna Godavari basin 

January 8, 2024 4:32 pm

ONGC commences first oil production from deep-water in Krishna Godavari basin 
.

Production is expected to be 45,000 barrels per day and over 10 million cubic metres of gas per day, contributing towards an energy goals.

Oil and Natural Gas Corporation of India (ONGC) has commenced its first deep-water oil production from Krishna Godavari basin (KG-DWN-98/2 Block, situated off the coast of Bay of Bengal).

Through this production is expected to be 45,000 barrels per day and over 10 million cubic metres of gas per day, contributing towards an energy goals of the country. Under Aatmanirbhar Bharat initiative this project is expected to add 7 percent to current national oil production and 7 percent to national natural gas production.

Prime Minister Modi commented on the social media handle X that, “This is a remarkable step in India’s energy journey and boosts our mission for an Aatmanirbhar Bharat. It will have several benefits for our economy as well.”

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