10:27 am - Friday March 29, 2024

ONGC Completes Drilling of Six Exploratory Wells

604 Viewed Gautam Comments Off on ONGC Completes Drilling of Six Exploratory Wells

Vadodara: ONGC has completed drilling of six exploratory wells so far, out of its target of 36 for this year, a top executive said on Thursday.

“We have a target of 36 exploratory wells this year, out of which 6 wells have been completed till date,” G C Katiyar, executive director, basin manager of Western Onshore Basin, said while speaking at an event to mark the 59th ONGC Day at its office located in Makarpura area of the city.

On the performance of the national explorer during the last fiscal year, Mr Katiyar said, “A total of 30 exploratory wells were drilled, out of which 19 wells are turned out to be hydrocarbon bearing.”

“These successes resulted in accretion of in place reserve to the tune of 21 MMToE (million metric tonne oil equivalent) and ultimate reserve to the tune of 1.36 MMToE,” the executive director said.

He said that production from the entire Cambay Basin last year stood at 6.20 MMToE, of which oil is 4.82 MMT.

On the occasion, he announced a financial assistance of Rs.14,88,745 as part of the ONGC’s CSR, which will be used to purchase 41 buses for ferrying the hearing impaired children of a school, run by an NGO, near Vadodara.

Don't miss the stories followIndiaVision India News & Information and let's be smart!
Loading...
0/5 - 0
You need login to vote.
Filed in

Adani buys Lanco’s Udupi power plant

SC gives Subrata Roy 15 more days to finalize hotel deals

Related posts