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ONGC starts oil production from delayed $5 billion deep-water project
ONGC has started oil production from its deep-sea project in Krishna Godavari basin in Bay of Bengal, reversing years of decline in output. 'First oil' has flowed from the deep-water KG-DWN-98/2 block in Bay of Bengal. The project is likely to increase ONGC's total oil and gas production by 11% and 15% respectively. The production from the Cluster-2 discoveries in the block is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas. The project is on track with final phase scheduled to be completed by mid-2024.
ONGC has started oil production from its deep-sea project in Krishna Godavari basin in Bay of Bengal, reversing years of decline in output. 'First oil' has flowed from the deep-water KG-DWN-98/2 block in Bay of Bengal. The project is likely to increase ONGC's total oil and gas production by 11% and 15% respectively. The production from the Cluster-2 discoveries in the block is expected to be 45,000 barrels per day of oil and over 10 million standard cubic metres per day of gas. The project is on track with final phase scheduled to be completed by mid-2024. 
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