ONGC to start commercial oil production from KG block in May 2024, says Rameswar Teli
State-controlled Oil and Natural Gas Corporation (ONGC) will in May next year start commercial production of crude oil from its much-delayed flagship deepsea project in Krishna Godavari basin, the Rajya Sabha was informed on Monday.
In a written reply, Minister of State for Petroleum and Natural Gas Rameswar Teli said ONGC’s KG basin project, KG-DWN-98/2, is in “challenging geology”.
Delays have occurred due to multiple challenges and issues in actual project implementation such as subsurface geological issues, shifting of well locations and surface facilities/processing platform, delays and disruption in project supply chain for vendors spread across multiple countries due to Covid-19 pandemic and challenging weather conditions.
