ONGC strikes oil and gasoline in Mumbai offshore’s OALP block

NEW DELHI : Oil and Pure Gasoline Company Restricted (ONGC) on Thursday introduced vital discoveries of oil and gasoline in two separate offshore exploration blocks within the Mumbai Offshore area, in keeping with a press release launched by the corporate.

The primary discovery was made within the Open Acreage Licensing Coverage (OALP) block MB-OSHP-2017/1 in Mumbai Offshore (SW) on the Arabian Sea. ONGC has named this discovery “AMRIT” and an in depth evaluation of the invention is at the moment underway.

The second discovery, which ONGC has named “Moonga”, was made in one other OALP exploration block in Mumbai Offshore, MBS182HDA-1(MBS182HDA-A).

These vital discoveries underscore ONGC’s dedication to exploration and its success in unlocking the huge potential of India’s hydrocarbon sources. The corporate’s diligent evaluation of geological information and use of superior applied sciences has enabled it to determine substantial oil and gasoline reserves in untapped areas, reinforcing the untapped potential inside the OALP blocks.

ONGC Director (Exploration) Sushma Rawat, stated that with these notable findings within the OALP I and OALP III rounds, ONGC reaffirms its exploration dedication to unlocking the huge potential of India’s hydrocarbon sources together with reserves accretion, strengthening the nation’s vitality safety.

ONGC has promptly notified the Directorate Common of Hydrocarbons (DGH) and the Ministry of Petroleum and Pure Gasoline (MOP&NG) about these exceptional findings. The corporate’s proactive method in notifying the DGH and the MOP&NG displays its dedication to working inside the regulatory framework.

These successive discoveries within the OALP blocks awarded below the OALP I and OALP III rounds show the corporate’s unwavering dedication to unlocking India’s hydrocarbon potential, driving financial development, technological developments, and environmental sustainability.

ONGC’s exceptional exploration successes pave the best way for a extra affluent and self-reliant vitality future for India, cementing its place as a number one participant within the world vitality panorama.

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Up to date: 11 Could 2023, 07:35 PM IST