ONGC discovers oil, gas in Arabian Sea blocks

INTERNATIONAL DESK: Oil and Natural Gas Corp (ONGC) has made two oil and gas discoveries in Mumbai offshore, the company said in a statement on Thursday.

The company has named these discoveries ‘Amrit’ and ‘Moonga’, which are about 100 km and 30 km from the landfall points, respectively. Both these discoveries are located in the blocks the company won under the new Open Acreage Licensing Policy (OALP) in the last few years.

The company didn’t give more details on the discoveries as it is engaged in a detailed assessment currently. It has notified the Directorate General of Hydrocarbons (DGH) about the discoveries.

Following the assessment of the available data from the current well, the company will be able to decide whether it needs to drill more wells for exploration and appraisal.

“With these notable findings in the OALP I and OALP III rounds, ONGC reaffirms its exploration commitment to unlocking the vast potential of India’s hydrocarbon resources along with reserves accretion, strengthening the nation’s energy security,” said Sushma Rawat, Director of Exploration at ONGC. (ET)