NEW EXPLORATION
BY ONGC
Subsequent to the
announcement of the Krishna Godavari basin gas finds by the consortium
of Reliance Industries Limited and Niko Resources Limited in October
2002, ONGC has found leads at 4 new locations. Of these two leads,
viz. Laiplinggaon in the Upper Assam Basin and Kavitam in the
Krishna Godavari basin, are onland. The other two leads, viz.
B-22-5 in Mumbai offshore and GS-KW in the Krishna Godavari basin,
are offshore.
ONGC had been awarded
24 exploration blocks by itself or in consortium with other Oil
PSUs under the first and second round of New Exploration Licensing
Policy (NELP). Of these 4 are onland, 11 are shallow offshore
and 9 are deep water offshore blocks. Exploration activities have
commenced in all these blocks in accordance with the committed
work programme as per the respective Production Sharing Contracts.
After the announcement
of gas finds by the consortium of Reliance Industries Limited
and Niko Resources Limited, in October 2002, ONGC has been awarded
13 exploration blocks i.e. 8 onland, 3 shallow offshore and 2
deepwater offshore blocks, under the third round of NELP, either
by itself or in consortium partnership with other Oil PSUs. Production
Sharing Contracts for these blocks have recently been signed on
4th February, 2003.
The above information
was given by the Minister for Petroleum & Natural Gas, Shri
Ram Naik, today in the Rajya Sabha to a question.
