In pics: ONGC begins manufacturing from Krishna Godavari basin in Bay of Bengal; why it’s ‘outstanding’

‘Exceptional step’: State-owned Oil and Pure Fuel Company (ONGC) introduced on Monday that it has begun oil manufacturing from its long-awaited deep-sea challenge within the Krishna Godavari basin within the Bay of Bengal. This growth is anticipated to reverse years of declining output. The preliminary oil circulation from the deep-water KG-DWN-98/2 block passed off on January 7.
Oil Minister Hardeep Singh Puri confirmed the beginning of manufacturing in a put up on X, however neither he nor ONGC supplied particular details about the amount of oil being produced.
“First Oil” manufacturing commences from the advanced & tough deepwater KG-DWN-98/2 Block, located off the coast of Bay of Bengal. Manufacturing is anticipated to be 45,000 barrels per day & over 10 million cubic metres of fuel per day, contributing in the direction of an vitality #AatmanirbharBharat. This challenge is anticipated so as to add 7% to present nationwide oil manufacturing & 7% to nationwide Pure Fuel manufacturing!” Puri shared on X whereas additionally posting pictures of the oil.

Based on ONGC’s assertion quoted by PTI, the 98/2 challenge is projected to extend the corporate’s whole oil and fuel manufacturing by 11% and 15% respectively. Within the fiscal 12 months 2022-23, ONGC produced 18.4 million tonnes of crude oil and roughly 20 billion cubic metres per day of fuel.
Puri acknowledged that the Cluster-2 discoveries within the block are anticipated to yield a manufacturing of 45,000 barrels per day and over 10 million customary cubic metres per day of fuel. Nonetheless, no timeline was given for attaining these manufacturing ranges.
In a written reply to a query within the Rajya Sabha final month, Minister of State for Petroleum and Pure Fuel Rameswar Teli acknowledged that ONGC is ready to start business manufacturing of crude oil from the block in Might 2024.

The KG-DWN-98/2 or KG-D5 block is situated adjoining to Reliance Industries’ KG-D6 block within the KG basin and accommodates a number of discoveries which have been grouped into clusters.
Regardless of varied technological and Covid-related challenges, ONGC efficiently accomplished Section 1 of the challenge in March 2020, attaining the beginning of fuel manufacturing from the U discipline of the KG-DWN-98/2 Block inside a report time of 10 months. With the graduation of first oil on January 7, 2024, ONGC is nearing completion of Section 2, which can result in the graduation of oil manufacturing from the ‘M’ discipline of KG-DWN-98/2, ONGC acknowledged.

The corporate additional talked about that the event of this discipline confronted distinctive technical challenges as a result of waxy nature of the crude.

The challenge is progressing as deliberate, with the ultimate part anticipated to be accomplished by mid-2024, enabling the manufacturing of oil and fuel from the remaining fields of the block. The height manufacturing of the sector is anticipated to achieve 45,000 barrels of oil per day (bopd) and over 10 million customary cubic metres per day of fuel.