ONGC finds oil, gas reserves in Madhya Pradesh, West Bengal to open 2 new basins in India


ONGC finds oil, gas reserves in Madhya Pradesh, West Bengal to open 2 new basins in India

State-owned Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country, the firm’s director for exploration has said.

ONGC had previously opened six out of India’s seven producing basins for commercial production. It is in the process of adding the eighth by putting Kutch offshore on the oil and gas map of India.

“The seventh basin was opened way back in 1985. We are looking at adding three more basins in next five years time,” ONGC Director (Exploration) Ajay Kumar Dwivedi said.

The firm has found gas deposits in a block in Vindhyan basin in Madhya Pradesh that is now being tested, he said adding that the find is at 3,000-plus meters.

ONGC has drilled four wells after the discovery and will now hydro-frack it by the end of the year to test commerciality of the finds. Read More