Business Standard
Friday, Feb 17, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 
ONGC to look into oil deposits off Sunderbans
Press Trust Of India / Kolkata January 02, 2006
The Oil and Natural Gas Corporation is expected to assess the commercial viability of the Bengal offshore deposit within the next two to three weeks.
 
“The test process, which is about to start, is expected to be completed by the next two to three weeks, if all goes well. This data will give a major lead on the commercial viability of the well,” GM-CBM-BPM Basin Manager A K Biswas said today. He was interacting with media persons at the ONGC stall at the Industrial Trade Fair here.
 
Though three more wells would be drilled in the Bay of Bengal — at a location 40 km off the sandheads of the Sunderbans — the result of the first well was very important for ONGC, company sources said.
 
ONGC, which was supposed to drill 5,000 metres, could drill only up to 4,400 metres due to technical reasons and would analyse the data available, sources said.
 
The company, however, had not yet given up hope on the Bengal onshore near Digha, Biswas said. ONGC is carrying out data analysis for the Bengal onshore project, which will take another three to six months, after which, it will decide to go for another drilling or not.
 
Earlier, ONGC Managing Director Subir Raha had said the final outcome of exploration for oil and gas deposits in the Sundarbans offshore would be known shortly.
 
“The progress of drilling is satisfactory and the final outcome from the first drilling site will be known in the next few weeks,” Raha, who paid a visit to the drilling site last month, said.
 
ONGC was scheduled to drill four wells in Bengal offshore at an investment of Rs 500 crore.

 
 

ONGC to look into oil deposits off Sunderbans
Press Trust Of India / Kolkata Jan 02, 2006, 22:39 IST

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Wall Street opens flat as data offsets Moody's warning
- Thomas Cook India Q4 net jumps three times
- Govt plans to make 30% sourcing from MSEs mandatory
- Explain ways to cover govt loss on 3G roaming: TDSAT to telcos
- Magma Fincorp plans to start gold finance biz in H1 of FY13
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Marico: Stepping into unchartered territory
- Asian stocks fall as Greek bailout delay dampens mood
- Sonalde Desai: Sons of the soil
- Bhupesh Bhandari: A spectrum of disagreement
- A crown of thorns awaits winners of BMC polls
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us