KRISHNA-GODAVARI EXP

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The Krishna-Godavari Petroleum Exploration Project will assist ONGC to establish the commercial potential of hydrocarbon reserves within part of the Krishna-Godavari basin and further enhance ONGC's overall technical capability in petroleum exploration in complex geological and environmental conditions. The project will aim at: (i) improving the definition of onshore and offshore petroleum prospects through additional seismic surveys; (ii) accelerating ONGC's on shore and offshore exploratory drilling programs in the project area; and (iii) providing technical assistance in the drilling, testing and completion of deep high-pressure gas wells and drilling in the outer shelf and, as required, for improving the quality control of geophysical data acquisition and processing. While the exploration of the area presents significant technical challenges, prospects for establishing substantial commercial petroleum resources are reasonably high.