New oil discovery in India in coast of Kakinada in the Krishna Godavari Basin

Bangalore: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri announces new oil discovery in the country. He says, “30 kilometres off the coast of Kakinada in the Krishna Godavari Basin, the first oil was extracted yesterday. Work started on this in 2016-17, then there were some delays due to COVID, but I’m sure that out of the 26 wells there, 4 wells are already operational. We will not only have gas also in a very short period but by May and June, we hope to be able to produce 45,000 barrels per day, which will be 7 per cent of our total crude oil production and 7 per cent of our gas production…”

State-owned Oil and Natural Gas Corporation (ONGC) has started oil production from its flagship deep-sea project in Krishna Godavari basin in Bay of Bengal.

ONGC has started producing from the Cluster-2 project in KG-DWN-98/2 block and will slowly ramp up output. In a social media post, Petroleum and Natural Gas Minister Hardeep Singh Puri said, first oil production commences from complex and difficult block. Mr Puri said, production is expected to be 45 thousand barrels per day and over 10 million standard cubic metres per day of gas. The project is expected to add 7 percent to current national oil production and 7 percent to national Natural Gas production. It is situated offshore the Godavari river delta in the Bay of Bengal. It is located 35 kilometres off the coast of Andhra Pradesh in water depths ranging from 300-3,200 metres. The discoveries in the block are divided into three clusters — Cluster-1, 2 and 3. Cluster 2 is being put to production first.