ONGC recaps the year's offshore discoveries

June 27, 2006
India's Oil & Natural Gas Corp. (ONGC) made 10 discoveries in 2005-06, including five natural gas finds in the deep waters off the Andhra coast in the Krishna-Godavari basin.

Eric Watkins
Senior Correspondent

LOS ANGELES, June 27 -- India's Oil & Natural Gas Corp. (ONGC) made 10 discoveries in 2005-06, including five natural gas finds in the deep waters off the Andhra coast in the Krishna-Godavari basin.

Other ONGC discoveries in 2005-06 include RV-1 in the Mumbai offshore, B-9-1 in the Saurashtra offshore, and GS-15-E in the Krishna-Godavari offshore, Turputallu-I in the Krishna-Godavari onshore, and Mekeypore-3 in the Assam shelf.

ONGC said the five Krishna-Godavari basin discoveries on Block KG-DWN-98/2�D-1, A-1, U-1, W-1, and E-1�together with two earlier finds, have reserves of as much as 3 tcf of gas.

ONGC acquired Block KG-DWN-98/2 from Cairn Energy PLC, which earlier made two discoveries with reserves of slightly less than 2 tcf of gas.

Contact Eric Watkins at [email protected].