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ONGC to open India's 8th sedimentary basin with Kutch gas find

Gasoil News - Published on Fri, 12 Jan 2018

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PTI reported that after a gap of over three- decades, state-owned Oil and Natural Gas Corp (ONGC) is set to open a new sedimentary basin in the country as it puts Kutch offshore on the oil and gas map of India. Kutch would be India's eighth sedimentary basin. ONGC had previously opened for commercial production six out of India's seven producing basins. Cauvery was the last Category-I producing basin which was discovered in 1985.

Senior company officials said that ONGC has made a significant natural gas discovery in the Gulf of Kutch off the west coast, which it plans to bring to production in 2-3 years.

India has 26 sedimentary basins, of which only seven have commercial production of oil and gas. Except for the Assam shelf, ONGC opened up for commercial production all the other six basins, including Cambay, Mumbai Offshore, Rajasthan, Krishna Godavari, Cauvery and Assam-Arakan Fold Belt.

The discovery in Kutch offshore may hold about 1 trillion cubic feet of gas reserves.

The spread of Kutch offshore basin covers an area of 28000 square kilometres in water depth of up to 200 meters and will become eighth producing basin of the country.

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Posted By : Nanda Koijam on Fri, 12 Jan 2018
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