Indian state Oil and Natural Gas Corporation has made a huge gas find in the Krishna Godavari Basin
Indian state Oil and Natural Gas Corporation has made a huge gas find in the Krishna Godavari Basin with initial estimated reserves of about 21 trillion cubic feet, and also struck a big gas field in Mahanadi Basin off Orissa coast.
ONGC, which had previously discovered two to three tcf of gas reserves in about half-a-dozen wells in the Krishna Godavari Basin block KG-DWN-98/2, struck a 28 meter net gas pay zone when deep sea drillship Belford Dolphin reached 5,300 meters depth at well UD-1, 55-km from the coast.
Separately, ONGC has struck an estimated three to four tcf of gas in Block MN-OSN-2000/2 in water depths of about 1,200 mts, sources said.
They said ONGC has also found 15-20 million barrels of oil reserves in an Assam block.
There could also be oil, the sources said.
The well UD-1 will reach its target depth in next 10 days and testing will take another week.