ONGC to start oil production from KG block in 2019

Sarkaritel
By Sarkaritel September 22, 2014 10:17

ONGC to start oil production from KG block in 2019

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New Delhi, Sep 21  State-run Oil and Natural Gas Corp (ONGC)’s major oil discovery in the Bay of Bengal will start production in 2019, Dinesh K Sarraf, chairman and managing director of the company, said here.

“We are moving fast on KG-D5 development. First gas from the block is planned for 2018 and first oil in 2019,” he told reporters.

“Conservative estimates put the production at 75,000-plus bpd,” he said.

The oil discovery in Krishna Godavari basin block KG-DWN-98/2 or KG-D5 is the first large oil production from the east coast. The block also has 10 gas discoveries.

KG-D5 will produce up to 4.5 million tonnes per annum – the largest from any field on the east coast.

Sarkaritel
By Sarkaritel September 22, 2014 10:17