Oil and Natural Gas Corporation (ONGC) has successfully commenced ‘First Oil’ production from the deep-water KG-DWN-98/2 Block, situated off the coast of Bay of Bengal. With commencement of this First Oil from ‘M - field’ on January 7, 2024, ONGC is completing Phase 2.
The flagship project is on track with final phase of project planned to be completed by June 2024 and then onwards commencement of gradual ramping up to reach planned peak production of 45,000 barrels of oil per day (bopd) and 10 MMSCMD of gas from the deep-water KG-DWN-98/2 Block.
ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.
