After a gap of over three- decades, state-owned Oil and Natural Gas Corp (ONGC) is set to open a new sedimentary basin in the country as it puts Kutch offshore on the oil and gas map of India.
Kutch would be India’s eighth sedimentary basin. ONGC had previously opened for commercial production six out of India’s seven producing basins. Cauvery was the last Category-I producing basin which was discovered in 1985.
ONGC has made a significant natural gas discovery in the Gulf of Kutch off the west coast, which it plans to bring to production in 2-3 years, senior company officials said. Read More…
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