New Delhi, Sept 21: State-owned Oil and Natural Gas Commission (ONGC) Limited has struck gas in deep waters of Mahanadi Basin, a development that will be beneficial for the country.
MDW-28, the maiden well of ONGC’s current deepwater campaign in the Mahanadi Basin is flowing gas with encouraging rates and sustained reservoir pressure, it said in a statement.
The well was perforated on September 18 following evaluation of subsurface data. It is currently flowing with a good gas rate and healthy reservoir pressure.
This find, along with other discoveries in the area, can be a candidate for development through shared facilities enabled by the PNG Rules, 2025, bringing deepwater resources onstream, ONGC said.
ONGC will continue to push into deep and ultra-deepwater frontiers in the search for hydrocarbons, and towards India’s goal of energy security, it added. (BVI)
