ONGC notifies three more discoveries while releasing an impressive Annual Performance Highlights

Published on May 31, 2011 by News Desk   ·   No Comments  Print This Post

INVC,,

Delhi,,

In its 219th Board Meeting on 30th May, 2011, while ONGC declared three new discoveries, it also presented an impressive Annual Financial Result for FY’11.

	i)	Well GS-70 # 1, GS-15/23 PML Block, KG Shallow Offshore Basin: Exploratory well GS-70 # 1 in GS-15/23 PML Block, KG Shallow Offshore Basin was drilled to a depth of 3770 m. Interval 3696 – 3703 m in Vadaparu Shale Formation of Middle Eocene age on testing produced oil @ 69.10 m3/day and gas @ 78,000 m3/day with a little water through 6 mm choke. The oil produced is of good quality with a gravity of 40.80 API. This new discovery will encourage the development plans for GS-15/23 ML area.
	ii)	Well BH#67, BOFF-123 PEL, Western offshore Basin: Exploratory well BH-67 in BOFF-123 PEL, Western Offshore Basin was drilled to a depth of 2120 m. Interval 2066 – 2064 and 2062.5 – 2059.5 m in Basal Clastics, on conventional testing flowed gas @ 1,30,000 m3/day with condensate in minor quantities. This is the first discovery of gas from Basal Clastics in this area and will promote further exploration of this play.
	iii)	Well Periyakudi # 1, L-II PEL, Cauvery Onshore Basin: Well Periyakudi # 1 in L-II PEL block of Cauvery Onshore Basin was drilled to a depth of 5216m. Several interesting zones were encountered in the well between 3850 – 4800m of lower cretacious. Five objects were identified for testing. On testing, object III A in the interval 4350 – 4273m flowed oil @ 3.34 m3/day and gas @ 5500 m3/day through 6 mm choke. The production potential is envisaged to improve significantly after stimulation by hydro fracturing. The discovery at Periyakudi # 1 has given an impetus to exploration for deeper / synrift plays in a big way in Cauvery Basin.

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