iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

ONGC Set to Commence Oil Production in Krishna Godavari Basin

13 Nov 2023 , 01:46 PM

ONGC plans to commence oil production from its Cluster-2 project in the Krishna Godavari basin this month. The project, located in the KG-DWN-98/2 block, will help reverse years of declining oil output for ONGC.

The FPSO (floating production, storage, and offloading) vessel Armada Sterling-V is ready to receive the first oil after several delays. Initial production is expected to be 8,000 to 9,000 barrels per day, gradually ramping up from 3 to 4 wells.

ONGC aims to avoid the challenges faced by the neighbouring KG-D6 block and ensure optimal well drilling and production quantities.

For feedback and suggestions, write to us at editorial@iifl.com

 

Related Tags

  • ONGC
  • ONGC News
  • ONGC share price
  • ONGC Updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.