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ONGC has completed drilling of six exploratory wells so far, out of its target of 36 for this year, a top executive said here today.
“We have a target of 36 exploratory wells this year, out of which 6 wells have been completed till date,” said G.C Katiyar, Executive Director, Basin Manager, Western Onshore Basin.
He was speaking at a function to mark the 59th ONGC Day at its office located in Makarpura area of the city.
On the performance of the national explorer during the last fiscal, Katiyar said, “A total of 30 exploratory wells were drilled, out of which 19 wells turned out to be hydrocarbon bearing.”
“These successes resulted in the accretion of in-place reserves to the tune of 21 MMToE (Million Metric Tonne Oil Equivalent) and ultimate reserves to the tune of 1.36 MMToE,” the Executive Director said.
He said that production from the entire Cambay Basin last year stood at 6.20 MMToE, of which oil is 4.82 MMT.
On the occasion, Katiyar announced financial assistance of ₹14,88,745 as part of the ONGC’s CSR, which will be used to purchase 41 buses for ferrying hearing impaired children of a school run by an NGO near here.
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