Financial Daily from THE HINDU group of publications
Saturday, Dec 10, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Announcements


ONGC drills first well in Mahanadi basin

Pratim Ranjan Bose

Kolkata , Dec. 9

WITHIN a month-and-a-half of being awarded environmental clearance, ONGC has drilled its first well in the Mahanadi basin. The company is scheduled to carry out exploratory drilling at MN-OSN- 2002/2 and MN-DWN-98/3 offshore blocks.

While the company is prospecting the location for the second well, drilling activity in the basin has been stopped for nesting of Olive Ridley turtles, as directed by the Union Ministry of Environment and Forests.

Mr B. K. Pande, Director (Exploration), told Business Line that the drilling rig would now be shifted from Mahanadi to the Krishna-Godavari basin. "We will return to Mahanadi after 4-5 months."

Meanwhile, ONGC's exploratory drilling in Bengal offshore is running far behind the schedule due to recurrence of a technical snag at the first well.

This is despite receiving preliminary indications of a gas reserve.

The company was scheduled to drill four wells in two years from March 2005.

The drilling of the first well was slated to be over in September.

"There were a lot of complications in the first well," a senior official said.

"The prevailing conditions suggest that we cannot reach the targeted depth through the main well hole.

"So we are now trying to reach the same through side tracking (i.e., drilling an inclined hole). We are hopeful that the well will hit the target in the next 10-15 days."

Coal-bed methane

ONGC will commission exploratory drilling for coal-bed methane in Rajasthan shortly. Development drilling will continue at the identified six sq km block in Bokaro and its adjoining areas in Jharkhand.

The company has five blocks in Jharkhand and one each in West Bengal, Madhya Pradesh, Maharashtra, and Rajasthan.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Announcements



Stories in this Section
SAIL board okays plan to upgrade RSP facilities


Asia needs to improve work safety standards, says expert
Natco launches drug for blood cancer
Tata Steel to unveil new brand at AEC World Expo
Merck-PATH duo to conduct clinical trials for rotavirus vaccine
ONGC drills first well in Mahanadi basin
L&T wins Rs 303-cr order from RIL
Nestle India withdraws three products from market
Mercator okays shares allotment to promoters
Bosch group to invest Rs 1,000 cr in MICO
Adlabs fixes FCCB conversion price
ICWAI clears plan to network member firms
VSP launches sewage recycling system
Bombay HC approves RIL demerger
Ion Exchange merges four regional cos
Hitachi Construction doubles stake in Telcon to 40 pc — Tata Motors' stake comes down to 60 per cent
Merlin Gerin may pick up stake in Numeric Power
Sumitomo group plans 3rd subsidiary in India
Samsung to set up $15-m handset manufacturing unit
Orient Paper on expansion mode
Vanishing cos: Govt hires legal professionals
Ultra Movie to bring in Harvey toon characters
OSIM-Godrej partnership
Tatas to focus on telecom, biotech, drug discovery: Irani
Talwalkars plans expansion, foray into new segments
Vijayanand Roadlines to invest Rs 400 cr for expansion
Gujarat power utility makes Rs 260-cr cash profit in H1


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line