Business Standard

ONGC begins production in Bengal basin, making it India's eighth functional

There are 26 sedimentary basins in India covering 3.4 mn sq k,. Of these, 16 are on land basins, seven part on land and part offshore, and three completely offshore

ONGC, 8th hydrocarbon basin, oil & gas
Premium

This producing basin was dedicated to the nation by Minister for Petroleum and Natural Gas Dharmendra Pradhan, on Sunday. He commenced formal production by switching on the sucker rod pump | Photo: ONGC Twitter

Twesh Mishra New Delhi
Oil and Natural Gas Corporation (ONGC) Limited has begun crude oil production from the Asokenagar-1 well, Bengal Basin in 24 Paragana district. This has made the Bengal basin India’s eighth producing basin, joining the ranks of Krishna-Godavari (KG), Mumbai Offshore, Assam Shelf, Rajasthan, Cauvery, Assam-Arakan Fold Belt and Cambay.

A company statement said, “The Asokenagar-1 well was completed as an oil producer under Early-Monetization Plan issued by the Government of India. This makes ONGC having discovered and put to production seven out of the eight producing basins of India covering 83 percent of established oil and gas reserves.”

According to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in