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ONGC notifies two impressive discoveries

02 Dec 2011 Evaluate

State-owned Oil and Natural Gas Corporation (ONGC) has declared two new discoveries, which are quite impressive and have been notified to the Directorate General of Hydrocarbons (DGH). The company has notified these two impressive discoveries in its board meeting held on December 01, 2011. This takes the total number of discoveries to 11 in FY'12.

ONGC has made first discovery at exploratory well B-127E-1. The well which was taken up for drilling with the objective of exploring the potential of sands within Panna Formation to the east of B-127 area and the well was drilled down to 2735m. Hydrocarbons shows were encountered during drilling of Panna section in various intervals.

Based on geological information and log characteristics a total of five interesting intervals have been identified for conventional testing in this well. The testing result of the well has opened up the eastern part of B-127 area for further exploration and delineation. Positive testing results of the other objects would also help in incremental value creation for the planned B-127 - B-55 cluster.

Further, the second discovery was done at North Kadi-472 (NKXV) (New Pool). The well was drilled as exploratory well with an objective to explore the hydrocarbon potential of Kalol, Kadi and Linch Formations. The well N.Kadi-472 was drilled to a depth of 2205m.

Based on geological information and log characteristics a total of six interesting intervals were identified for conventional testing. The well N. Kadi-472 has produced oil for the first time from MP-IV unit of Mandhali member in N. Kadi area. The new pool discovery is likely to open up new areas for exploration and will also contribute for reserve growth and production. 

ONGC Share Price

279.25 -4.70 (-1.66%)
08-May-2026 16:59 View Price Chart
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Company Name CMP
ONGC 279.25
Oil India 454.40
Jindal Drilling&Inds 535.85
Deep Industries 457.70
Asian Energy Service 297.85
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