ONGC starts pumping oil from Andhra offshore block
Tuesday, 9 January 2024
State-run explorer Oil and Natural Gas Corporation (ONGC) has started oil production from its $5 billion deep-sea project off the Andhra coast, becoming the second company after Reliance Industries to churn the sea for energy in the Krishna-Godavari basin, once described as India's 'North Sea'. The block, located 35 kms off the Andhra coast in water depths of 300 to 3,200 metres. ONGC had initially planned to start oil production from the block in November 2021, but the deadline saw multiple extensions due to delays caused by Covid-19 pandemic and geographical complexities.
State-run explorer Oil and Natural Gas Corporation (ONGC) has started oil production from its $5 billion deep-sea project off the Andhra coast, becoming the second company after Reliance Industries to churn the sea for energy in the Krishna-Godavari basin, once described as India's 'North Sea'. The block, located 35 kms off the Andhra coast in water depths of 300 to 3,200 metres. ONGC had initially planned to start oil production from the block in November 2021, but the deadline saw multiple extensions due to delays caused by Covid-19 pandemic and geographical complexities.
|
||||
|
||||
You Might Like |