First Oil Extraction from ONGC Deep-Sea Project in KG Basin
Sector: Natural Gas • Location: Kakinada, Andhra Pradesh, India
Source: TheCommuneMag
India's first oil extraction from ONGC's deep-sea Block 98/2 in the Krishna-Godavari Basin near Kakinada, Andhra Pradesh, was announced. The project started in 2016-17 and faced delays due to COVID-19 but has now operationalized four of its 26 wells, with production expected to ramp up to 45,000 barrels per day by mid-2024.
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Status
Original status | under production |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
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Description
Description | India's first oil extraction from ONGC's deep-sea Block 98/2 in the Krishna-Godavari Basin near Kakinada, Andhra Pradesh, was announced. The project started in 2016-17 and faced delays due to COVID-19 but has now operationalized four of its 26 wells, with production expected to ramp up to 45,000 barrels per day by mid-2024. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
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Data quality score | 100% |
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