Bharat discovers a huge oil basin! Govt starts oil extraction from Krishna Godavari basin
The state-controlled Oil and Natural Gas Corporation (ONGC) on Sunday kicked off oil extraction from its flagship deep-water project in the Krishna Godavari basin offshore the nation"s eastern coast.
Union Minister for petroleum and natural gas Hardeep Singh Puri has announced the commencement of "first oil" production from Krishna Godavari Deep-Water Block 98/2 in the Bay of Bengal. The extraction of oil happened on Sunday, 30 kilometres off the coast of Kakinada in the Krishna Godavari Basin.
The state-controlled Oil and Natural Gas Corporation (ONGC) on Sunday kicked off oil extraction from its flagship deep-water project in the Krishna Godavari basin offshore the nation's eastern coast.
On Sunday, Puri took to X and said that it was the "First Oil" production commenced from the complex and difficult deepwater KG-DWN-98/2 Block, which is situated off the coast of the Bay of Bengal.
In a video posted by the news agency ANI on Monday, Puri said that the first oil was extracted a day before at 30 kilometres off the coast of Kakinada in the Krishna Godavari Basin.
Heartfelt congratulations to @ONGC_ and the incredible team of energy soldiers for successfully extracting the oil from Krishna Godavari Basin.
— Hardeep Singh Puri (@HardeepSPuri) January 9, 2024
This field will produce 45,000 barrels per day – a remarkable 7% of our total crude oil and gas production. Exciting times ahead! pic.twitter.com/v8MsK6CgU2
He said, "Work started on this in 2016-17, then there were some delays due to COVID-19, but I'm sure that out of the 26 wells there, four wells are already operational."
He further added, "We will not only have gas also in a very short period but by May and June, we hope to be able to produce 45,000 barrels per day, which will be 7 per cent of our total crude oil production and 7 per cent of our gas production..."
The minister further said that the production is expected to be 45,000 barrels per day and over 10 million cubic metres of gas per day, contributing towards an energy 'Aatmanirbhar Bharat'.
This project is expected to add seven per cent to current national oil production and seven per cent to national natural gas production.
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