70 exploration sites identified by ONGC
OIL & GAS

70 exploration sites identified by ONGC

Oil industry behemoth ONGC is working more together on its exploration and production projects. With companies like ExxonMobil, Chevron, TotalEnergies, Equinor, and Shell, among others, ONGC has partnerships in place to take use of the benefits of global expertise, risk sharing, and technology and skill development.

The goal of ONGC for 2023 is crystal clear: to encourage exploration and carry out the government's directive to lessen reliance on imports. An action [plan] for three years, from 2022–2023 to 2024–2025, has been adopted. At its most recent meeting, the Exploration Portfolio Management Board (EPMB) selected 70 locations for release in 2023 with a proposed investment of Rs. 27 billion. These locations are aimed at about 150 million tonne of oil equivalent (mmtoe) of yet-to-find (YTF) resources.

Additionally, as part of ONGC's commitment to boosting production and elevating the Bengal Basin to Category-I status, some of the freed locations would be used for reserve upgradation.

The category-I basins are those with reserves and active production; the category-II basins have contingent resources awaiting commercial production; and the category-III basins have prospective resources awaiting discovery.

The agreement with ExxonMobil for joint deepwater exploration in the KG-Cauvery and Kutch offshore basins was signed on August 17, 2022. The exploratory teams have had technical meetings, and a collaborative investigation of the Kutch basin is currently ongoing.

Also read:
GAIL to supply natural gas to Tata Steel Mining ltd
Indian Oil eager to modify Haldia refinery into petrochemicals complex


Oil industry behemoth ONGC is working more together on its exploration and production projects. With companies like ExxonMobil, Chevron, TotalEnergies, Equinor, and Shell, among others, ONGC has partnerships in place to take use of the benefits of global expertise, risk sharing, and technology and skill development. The goal of ONGC for 2023 is crystal clear: to encourage exploration and carry out the government's directive to lessen reliance on imports. An action [plan] for three years, from 2022–2023 to 2024–2025, has been adopted. At its most recent meeting, the Exploration Portfolio Management Board (EPMB) selected 70 locations for release in 2023 with a proposed investment of Rs. 27 billion. These locations are aimed at about 150 million tonne of oil equivalent (mmtoe) of yet-to-find (YTF) resources. Additionally, as part of ONGC's commitment to boosting production and elevating the Bengal Basin to Category-I status, some of the freed locations would be used for reserve upgradation. The category-I basins are those with reserves and active production; the category-II basins have contingent resources awaiting commercial production; and the category-III basins have prospective resources awaiting discovery. The agreement with ExxonMobil for joint deepwater exploration in the KG-Cauvery and Kutch offshore basins was signed on August 17, 2022. The exploratory teams have had technical meetings, and a collaborative investigation of the Kutch basin is currently ongoing. Also read: GAIL to supply natural gas to Tata Steel Mining ltd Indian Oil eager to modify Haldia refinery into petrochemicals complex

Next Story
Infrastructure Urban

Honeywell Unveils AI Tools to Enhance Green Hydrogen Efficiency

"Honeywell has introduced Honeywell Protonium, a comprehensive suite of advanced technologies driven by artificial intelligence (AI) and machine learning (ML), aimed at improving the efficiency, scalability, and cost-effectiveness of green hydrogen production. The technology is designed to address key industry challenges such as power intermittency, high production costs, and carbon intensity, thereby facilitating the wider adoption of clean hydrogen as a sustainable energy source.The first deployment of Honeywell Protonium will take place at Aternium, a US-based large-scale clean hydrogen pro..

Next Story
Infrastructure Transport

NHAI Plans Link Road for Expressway Access

The National Highways Authority of India (NHAI) is evaluating the construction of an 18 km road to connect the Bengaluru-Chennai Expressway, within Karnataka, to the Bengaluru-Kolar Highway (NH 75). This strategic link is aimed at improving connectivity for motorists travelling towards the Andhra Pradesh border, including destinations like Chittoor and Tirupati. Currently, a 68 km section of the expressway — from Hoskote to Bethamangala near Kolar Gold Fields (KGF) — is operational. However, due to the absence of seamless end-to-end connectivity, users are forced to navigate through narr..

Next Story
Infrastructure Transport

Bengaluru to Get 40-Km Signal-Free Transit Corridor

In a major push to modernize Bengaluru’s transport infrastructure, the Karnataka Government has approved the construction of a 32.15 km double-decker flyover with a metro line along the city’s Outer Ring Road. This transformative initiative aims to ease the daily commute for thousands and provide lasting relief from the city's chronic traffic congestion. In tandem, an additional 8 km elevated stretch will be constructed on Magadi Road as part of Namma Metro’s Phase III expansion. Together, these projects will add over 40 km of new, signal-free metro routes—making daily travel faster, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?