State-owned Oil and Natural Gas Corporation (ONGC) today said it has made two oil and gas discoveries in the Krishna Godavari and Cambay basin.
ONGC said it has notified to the Directorate General of Hydrocarbons (DGH) the gas find in well Vygreswaram Southwest-1 in KG onshore.
"The well proved 30 meter gas column on testing and produced gas at the rate of 75,000 cubic meters per day and 3 million cubic meters per day of condensate," the company said in a statement here.
In the Cambay basin, well Limbodra East-1, drilled in the east of Limbodra field, encountered 11 meters of gross oil pay.
"Our recent exploratory successes are the result of a two pronged strategy of targeting deeper as well as shallower targets in operational areas in different basins. This strategy has given rich dividends in the form of discoveries made," ONGC said.
Exploration efforts have resulted into significant finds at Vygreswaram, South Mahadevpattanam and Penugonda in KG on-land, adding 18.50 million tonnes of oil and oil equivalent gas reserves.
Similar efforts in Assam and Assam Arakan basin have resulted into discoveries at Disangmukh and Panidihing in Tura Formation in the past.
In Western onland basin, Charada, Halisa and Gamij finds have resulted in accretion of 23 million tonnes of oil and oil equivalent gas reserves.
