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Informist, Monday, Aug. 11, 2025

 

--Source: ONGC to drill 10 offshore wells at 2 discovered fields in KG Basin

--Source: ONGC moots INR 46.06 bln invest to develop new wells in KG Basin 

--Source: ONGC sought regulatory clearances to develop new wells in KG Basin

--CONTEXT: ONGC signed for six small fields in 2022 under DSF-III policy

--Source: ONGC plans 2 unmanned platforms, offshore infra in KG Basin

 

By Narayana Krishna

 

HYDERABAD – Oil and Natural Gas Corp. Ltd. plans to develop two small oilfield blocks in Krishna-Godavari Basin, also known as KG Basin, at Konaseema district in Andhra Pradesh with an estimated investment of INR 46.06 billion, according to a source. The company has submitted a detail plan seeking regulatory approvals, including those from the Ministry of Environment and Forest.

 

The company has prepared a plan for drilling 10 new development wells and two unmanned platforms along with other infrastructure as part of its plan to begin work on DSF policy round-III blocks, a source said.

 

In September 2022, ONGC had signed a contract with the Director General of Hydrocarbons for the development of six oilfields under the Discovered Small Fields—or DSF-III—policy. Out of the six fields that ONGC has signed for, three were in the Bay of Bengal and three in the Arabian Sea.

 

DSF-III refers to Discovered Small Fields–Round III, which is part of India's oil and gas exploration and production licensing policy.

 

It's a bidding round conducted by the Directorate General of Hydrocarbons under the Ministry of Petroleum and Natural Gas, aimed at offering small oil and gas fields that were previously discovered but not yet developed.

 

ONGC is planning to drill the wells in the Chandrika block, comprising the area of 697 kilometres, and GS49 block across 148 kilometres in the east coast. ONGC has a significant presence in KG Basin.

 

A development well is drilled in a proven oil or gas field after discovery and appraisal, with the objective of producing hydrocarbons efficiently and maximising recovery from known reserves, making it relatively less risky. In contrast, an exploratory well is drilled in a new area to determine whether oil or gas exists in commercially viable quantities, usually based on geological surveys or seismic studies, and carries a much higher risk as it may result in a dry hole.

 

At 1331 IST, shares if ONGC traded at INR 233.08 on the National Stock Exchange, down 0.15% from their previous close.  End

 

Edited by Akul Nishant Akhoury

 

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