ONGC strikes oil in Assam

Nov 26, 2003 01:00 AM

State-run Oil and Natural Gas Corp (ONGC) has discovered new reserves of oil in Assam, company Chairman and Managing Director Subir Raha said.
"New oil bearing zone has been discovered in Upper Assam. The results are very encouraging and the reserves are promising," Raha said.
The well Chang Maigaon-14 had flowed oil at the rate of 74 cmpd. The new find would augment crude oil production in Assam. India currently produces just over 32 mm tons of crude against a demand of 105 mm tpy.

Separately, ONGC has also struck oil and gas in Godavari shallow offshore block GS-KW in Bay of Bengal and Broach block in Cambay Basin in Gujarat. Three hydrocarbon bearing objects were traced in the exploratory well GS-KW#2 in Godavari shallow waters.
Object-II produced gas at the rate of 55,304 cmpd while Object-III produced oil at 37.8 cmpd and gas at 97,337 cmpd. Object-V produced oil at the rate of 84 cmpd and gas at the rate of 9,821 cmpd.

In Broach block, exploratory well Degam-1 flowed oil at the rate of 32 cmpd.
Raha said more wells will be drilled over the next two years to establish the reserves and bring them to production.

Source: The Times of India
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