ONGC opens India’s 8th hydrocarbon basin
OIL & GAS

ONGC opens India’s 8th hydrocarbon basin

State-owned Oil and Natural Gas Corporation (ONGC), opened the country’s eighth hydrocarbon producing basin at the time it started oil flow from a well in the Bengal basin. The company mentioned in a statement that the oil production commenced from Asokenagar-1 well based in 24 Parganas district.

The statement further mentioned that Asokenagar-1 well was completed as an oil producer under an early monetisation plan that was issued by the Government. Having discovered this, ONGC has put to production seven out of eight hydrocarbon producing basins of India. It covers 83% of established oil and gas reserves.

Moreover, the company is the largest oil and gas producer as it contributes 72% of India’s hydrocarbon production.

Additionally, the Bengal Basin covers approximately 1.22 lakh sq km. Of this, nearly two-thirds lies in the Bay of Bengal.

To explore hydrocarbons in the Bengal basin, ONGC has invested Rs 3,361 crore as of now. In the coming two years, the company is looking to add Rs 425 crore for exploration activities in the basin.

Dharmendra Pradhan, the Oil Minister, has dedicated the basin to the country at a function in Asokenagar, West Bengal.

On November 5, the first oil consignment was sent from well Asokenagar-1 to Indian Oil Corporation Ltd.(IOC)’s Haldi refinery. ONGC has set aside new geoscientific activities to bring more success in the new Open Acreage Licensing Policy (OALP).

It includes an appraisal programme of Asokenagar discovery over an area of approximately 739 sq km. It comprises 3D seismic, drilling of two wells and low frequency passive seismic (LFPS).

Additionally, ONGC would acquire 1,300 km of 2D, for 3D nearly 2,900 sq km and drill 13 wells over the coming three years as part of the newly awarded OALP.

Also read:ONGC doubles investment to recover from pandemic blues

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

State-owned Oil and Natural Gas Corporation (ONGC), opened the country’s eighth hydrocarbon producing basin at the time it started oil flow from a well in the Bengal basin. The company mentioned in a statement that the oil production commenced from Asokenagar-1 well based in 24 Parganas district. The statement further mentioned that Asokenagar-1 well was completed as an oil producer under an early monetisation plan that was issued by the Government. Having discovered this, ONGC has put to production seven out of eight hydrocarbon producing basins of India. It covers 83% of established oil and gas reserves. Moreover, the company is the largest oil and gas producer as it contributes 72% of India’s hydrocarbon production. Additionally, the Bengal Basin covers approximately 1.22 lakh sq km. Of this, nearly two-thirds lies in the Bay of Bengal. To explore hydrocarbons in the Bengal basin, ONGC has invested Rs 3,361 crore as of now. In the coming two years, the company is looking to add Rs 425 crore for exploration activities in the basin. Dharmendra Pradhan, the Oil Minister, has dedicated the basin to the country at a function in Asokenagar, West Bengal. On November 5, the first oil consignment was sent from well Asokenagar-1 to Indian Oil Corporation Ltd.(IOC)’s Haldi refinery. ONGC has set aside new geoscientific activities to bring more success in the new Open Acreage Licensing Policy (OALP). It includes an appraisal programme of Asokenagar discovery over an area of approximately 739 sq km. It comprises 3D seismic, drilling of two wells and low frequency passive seismic (LFPS). Additionally, ONGC would acquire 1,300 km of 2D, for 3D nearly 2,900 sq km and drill 13 wells over the coming three years as part of the newly awarded OALP. Also read:ONGC doubles investment to recover from pandemic blues

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000