ONGC reports two discoveries

Flagship explorer ONGC announced two ‘significant oil discoveries’, even as the government told Parliament that the state-run company is to spend Rs 25,000 crore in bringing about a dozen marginal fields into production by 2014.

ONGC has told authorities that it made a strike in North Kadi area of Gujarat's Mehsana district, which is the company's major production centre. The discovery is a new layer, called 'play’ in industry parlance, and will add to the company's output. The exact size of the reserve will be known after further tests.
The company made another strike in the Panna area, 40 km from its Mumbai offshore field and 140 km from the country's financial capital.
This discovery will make incremental addition to the output from a cluster that the company is developing.