The state-owned Oil and Natural Gas Corporation (ONGC) will open up Indias eighth sedimentary basin — the first in over three decades — for oil and gas production in two years, Chairman Dinesh K Sarraf said today.
ONGC, which laid open for commercial production six out of Indias seven producing basins, has made a significant natural gas discovery in the Gulf of Kutch off Indias west coast, which it plans to bring to production in two years.
“This will be the eighth-producing basin in India,” he told reporters on the margins of an industry event here.
India has 26 sedimentary basins, of which only seven have commercial production of oil and gas. Except for the Assam shelf, ONGC opened up for commercial production all the other six basins, including Cambay, Mumbai Offshore, Rajasthan, Krishna Godavari, Cauvery and Assam-Arakan Fold Belt.
Declining to give details, he said the discovery made in the Gulf of Kutch is in shallow waters, but cannot be tied to either the production facilities in Mumbai High fields or Hazira and may require a new landfall point.
Credit: India Today
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