ONGC strikes more gas in KG basin

Oil and Natural Gas Corporation (ONGC) has struck large gas reserves in the Krishna Godavari (KG) basin off the Andhra Pradesh coast.

Drillship Discoverer 7 struck gas reserves at well G1-12 in a block that was given to ONGC on nomination basis prior to the new exploration licensing policy (NELP).

"We have struck gas reserves at one of the pre-NELP blocks in the KG basin. The well is under testing, and we expect results in a week's time," a senior company official said.

Though the company has not put an estimate of the reserves, preliminary estimates put the reserves at 4 trillion cubic feet (TCF).

The G1-12 lies 15-km south of the discovered G1 field and has "excellent" channel bodies. Ongc's own drillship, Sagar Vijay, had found gas reserves in the vicinity of the G1-12 well in December last year.