State-owned Oil and Natural Gas Corporation (ONGC) on Sunday opened India’s eighth hydrocarbon producing basin when it started oil flow from a well in the Bengal basin.
Oil production commenced from the well Asokenagar-1 in 24 Pargana district, the company said in a statement.
“The well Asokenagar-1 was completed as an oil producer under early-monetisation plan issued by the Government of India,” it said.
With this ONGC has discovered and put to production seven out of the eight hydrocarbon-producing basins of India, covering 83 per cent of established oil and gas reserves.
ONGC is India’s largest oil and gas producer contributing 72 per cent of the country’s hydrocarbon production.
