Oil & Natural Gas Corporation Ltd.

State-owned, Oil and Natural Gas Corporation (ONGC) has commenced spudding at the 700th well at Kalol oil field near Ahmedabad this week. This is a new milestone for the Kalol field of ONGC Ahmedabad Asset as it becomes the first onshore field in which the 700th well is being drilled. Despite geological and sub-surface complexities and constraints, the achievements were exemplary.

ONGC, the country’s largest oil & gas producer, has drawn a roadmap to make substantial investment over a period of next five years both in exploration & developmental activities, and deepwater exploration and development constitutes a major component of the same. Under this plan, ONGC has a conservative estimate to produce about 6 to 9 MMSCMD of gas by mid-2017 from G-4, KG-DWN - D & E fields in the first phase.