ONGC starts oil production in Bengal Basin
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Last Updated: Dec 21, 2020, 10:07 AM IST
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In a statement, the public sector energy major said that Union Petroleum & Natural Gas Minister, Dharmendra Pradhan, on Sunday dedicated the Bengal Basin, the eight producing basin of India to the nation.
Till now, ONGC has invested Rs 3,361 crore to explore hydrocarbon in the Bengal Basin. More Rs 425 crore will be spent on exploration activities in the basin in the coming two years.
Oil and Natural Gas Corporation Ltd (ONGC) has commenced oil production from the Asokenagar-1 well, Bengal Basin in West Bengal s 24 Paragana districts.
Oil and Natural Gas Corporation (ONGC) Limited has begun crude oil production from the Asokenagar-1 well, Bengal Basin in 24 Paragana district. This has made the Bengal basin India’s eighth producing basin, joining the ranks of Krishna-Godavari (KG), Mumbai Offshore, Assam Shelf, Rajasthan, Cauvery, Assam-Arakan Fold Belt and Cambay. A company statement said, “The Asokenagar-1 well was completed as an oil producer under Early-Monetization Plan issued by the Government of India. This makes ONGC having discovered and put to production seven out of the eight producing basins of India covering 83 percent of established oil and gas reserves.” According to the Directorate General of Hydrocarbons, there are 26 sedimentary basins in India, covering a total area of 3.4 million square kilometer. Of these, 16 are onland basins, 7 located both onland and offshore and 3 completely offshore.