ONGC Gas
ONGC strikes gas at deepwater Mahanadi offshore basin near Odisha coast
This story was originally published at 18:54 IST on 21 September 2026
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MUMBAI – Oil and Natural Gas Corp. Ltd. Monday said it struck gas in the deepwater Mahanadi offshore basin off the coast of Odisha. The company struck gas at the well MN-DW18-1-H-D at a depth interval of 1.44-1.45 kilometres, after drilling to a depth of 1.6 kilometres, the company said in an exchange filing.
The well is situated around 43 kilometres off Konark, and has maintained steady flow and reservoir pressure over three days of testing, ONGC said. This is the first well in the Mahanadi Basin under the Samudra Manthan initiative.
For the June quarter, the company had reported a net profit of INR 170.34 billion on revenues of INR 464.60 billion. Monday, the company's shares ended 1.2% higher at INR 235.63 on the National Stock Exchange. End
Reported by Diksha Singh
Edited by Saji George Titus
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