Failing to find a suitable partner, Oil & Natural Gas Corp (ONGC) has decided to go solo on developing its deep-sea block in the Krishna Godavari Basin. It’s after a year-long hunt for partner that the public sector explorer decided to independently develop the block KG-DWN-98/2, that lies adjacent to Reliance Industries-operated D6 block.
ONGC was looking to shell for technological support on chargeable basis. However, most of the players were reluctant to come on board mainly because of great uncertainties in policy.
Nevertheless, the company going solo, has already drilled appraisal wells and is now going ahead with work on Declaration of Commerciality (DoC) to be submitted to the Directorate General of Hydrocarbons.
