ONGC completes drilling of 6 exploratory wells

ONGC has completed drilling of six exploratory wells so far, out of its target

RELATED ARTICLES

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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • State-owned banks can ride technology surge to penetrate retail segment

    For the first time in recent history, two large private sectors banks, ICICI and Axis have reduced their headcounts.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Amita Sharma

The rabbit hole of outcome budgets

Would you tell me, please, which way I ought to ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture