MUMBAI, Dec. 22 -- India's government-owned Oil & Natural Gas Corp. (ONGC) said it made a major gas discovery in the Krishna-Godavari basin off India's eastern coast.
ONGC is the operator with 90% interest in the KG-DWN-98/2 block. Scottish energy firm Cairn India holds 10% interest.
A senior ONGC executive told OGJ that test results for the first well in the KG basin confirmed 30 m of gas pay at 5,300 m below the seabed. The executive said seismic studies indicate 80 m of potential pay at 6,450 m.
ONGC has identified five more drilling locations on the block.