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E-mail ID will not be published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.

EDITORIAL OF THE DAY

  • The sudden rush of new papers could unsettle the secondary market

    While questions are being raised if the party has somewhat overextended on the Street, given the not-too-comforting macroeconomic numbers, retail inve

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Kumar Jain

Why manufacturing needs innovation

Prime minister Narendra Modi’s call of “come — make in ...

Kuruvilla Pandikattu SJ

Warren Buffett’s key to happiness

Despite being the second richest American, Warren Buffett still lives ...

Gautam Gupta

In fashion, why quality must exceed quantity

Every time there’s a fashion week in India, my friends, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture