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ONGC makes another discovery in its Bay of Bengal block KG-D5

16 Sep 2015 Evaluate

Oil and Natural Gas Corporation (ONGC) has made another discovery in its Bay of Bengal block KG-D5, taking the number of finds in the area to 13. The State-run company has discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries.

The 7,294.60 sq km deepsea KG-D5 block has been broadly categorised into Northern Discovery Area (NDA - 3,800.6 sq km) and Southern Discovery Area (SDA - 3,494 sq km). The latest discovery has been made in NDA.

ONGC is planning to develop the discoveries in three clusters -- 14.5 million standard cubic meters per day of gas for 15 years from Cluster-1 comprising of D&E finds of NDA in KG-D5 block and G-4 find in the neighbouring area.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company.

ONGC Share Price

283.95 3.25 (1.16%)
07-May-2026 16:01 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 452.55
Jindal Drilling&Inds 536.40
Deep Industries 466.35
Asian Energy Service 300.80
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