ONGC Gears Up for Oil Production From its Flagship Project
Gas production from the Project has already commenced in March 2020 with a plan of further ramping up by May 2024.
New Delhi: ONGC is eyeing the commencement of Oil production from its flagship deepwater project KG-98/2 Development Project in December 2023.
Gas production from the Project has already commenced in March 2020 with a plan of further ramping up by May 2024.
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In May next year, it will witness the commencement of commercial production of crude oil from deepsea project Krishna Godavari basin.
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According to ONGC's latest production data as of November 2023, the company has produced 28.57 million metric tonnes of oil (MMTOE) in the current financial year (FY24). This represents a decline of approximately 4.3% compared to the same period in the previous financial year (FY23).
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