Business Daily from THE HINDU group of publications
Friday, Nov 30, 2007
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Business Daily from THE HINDU group of publications Friday, Nov 30, 2007 ePaper | Mobile/PDA Version |
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Petroleum Corporate - Announcements
Our Bureau New Delhi, Nov. 29 Oil and Natural Gas Corporation (ONGC) has made a new gas discovery in Rajasthan’s Jaisalmer basin. Mr D.K. Pande, Director (Exploration), ONGC, said, “we have reached the targeted depth and while testing the first zone we encountered gas.” He was speaking at the sidelines of a gas conference here today. “Testing of the second zone is still on. Only after the entire testing is completed that we will be able to assess the find,” he said. The company hopes to establish the reserve estimate of the discovery in the next couple of weeks, Mr Pande said. ONGC was awarded the block on a nomination basis before the New Exploration Licensing Policy rounds were introduced. “Since it is a nomination block, the company has the time to inform the Directorate General of Hydrocarbons after the complete work is done. The company will soon inform the DGH,” he said. OIL tie upONGC is also examining prospects of tying up with Oil India Ltd for the gas produce in the area. “With this discovery, we are looking at the fields commercially,” he said. ONGC has made nine hydrocarbon discoveries in first half of the financial year 2008. The company has made two discoveries each in western onland (Ankleswar and Dabka), Assam & Arakan Basin, and Assam Shelf. It has made one discovery each in Mahanadi deepwater, Krishna Godavari onland, and Cauvery onland. More Stories on : Petroleum | Announcements | Oil & Natural Gas Corporation Ltd
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