Oil and Natural Gas Corp (ONCG) has announced commencement of ‘first oil’ from its much delayed deepwater Krishna Godavari basin in Bay of Bengal, the company said on Monday.
The KG DWN 98/3 Block is likely to increase the company’s total oil and gas production by 11% and 15% respectively.
The state-owned oil and gas exploration company had executed the Phase 1 of the project in March 2020 with successful production of gas from U field of the KG-DWN-98/2 Block.
