In a media news item today, it has been reported that ONGC has struck Oil & Gas in 3 new blocks viz. Charada structure and Matar Field in Cambay Basin, and YS-5-IA (YSAF) in KG Basin. It is further reported that the KG Basin discovery holds significant promise and could have an estimated reserves of 10 Trillion Cubic Feet (TCF) of gas.
Institute of Reservoir Studies of ONGC in collaboration with TERI, New Delhi has developed a novel microbial process for improving well productivity using S-2 consortium upto 900C.
There have been certain speculative, conflicting and misleading media reports recently regarding ONGC’s participation in the pre NELP Block RJ-ON-90/1, being operated by Cairn Energy India Pvt. Ltd. ONGC management would like to clarify the issue as under:
