ONGC completes drilling of 6 exploratory wells

ONGC has completed drilling of six exploratory wells so far, out of its target of 36 for this year, a top executive said here today.

"We have a target of 36 exploratory wells this year, out of which 6 wells have been completed till date," said G C Katiyar, Executive Director, Basin Manager, Western Onshore Basin.

He was speaking at a function 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, 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, Katiyar 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 here.

EDITORIAL OF THE DAY

  • Legalising betting on cricket will raise tax collections for cash-strapped government

    Last month, Justice RM Lodha committee on cricket reforms made several groundbreaking recommendations to the Supreme Court.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Arun Nigavekar

Tablets, memory cards for educatioNext

The Commonwealth he­ads of government mee­ting held in Malta last ...

Rajgopal Nidamboor

Try to awaken the archaeologist within

Our mind is far ahead of René Descartes’ famous maxim, ...

Dharmendra Khandal

Urbanisation is costing us our wildlife

The road transport and highways minister Nitin Gadkari aims to ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture