Oil India discovers natural gas in shallow KG waters
State-owned Oil India Ltd. (OIL) on Friday said it has made a natural gas discovery in a shallow-water Krishna Godavari basin block that the firm had won in recent Discovered Small Field (DSF) bid rounds. The discovery was made in the previously unappraised Matsyapuri formation in the Krishna-Godavari Basin off India's east coast, recording a peak test flow of 200,000 Standard Cubic Metres Per…
State-owned Oil India Ltd. (OIL) announced on Friday the discovery of natural gas in a shallow-water block of the Krishna-Godavari Basin in India's east coast. The discovery, made in the Matsyapuri formation, was recorded during an appraisal well in the Godavari-1 block during continuous testing. The peak flow rate of the gas is 200,000 Standard Cubic Metres Per Day (SCMD), with a maximum rate of 200,000 SCMD.
The well also produced around 170 barrels of condensate per day. Further testing is scheduled for the higher zone, but the company has not made any assessment of the potential resource. The discovery enhances exploration activity in the Krishna-Godavari Basin, a key offshore hydrocarbon-producing region in India. The basin has been instrumental in expanding domestic gas supplies, with deepwater projects contributing significantly to the country's production growth.
The development of domestic resources is crucial as India aims to increase the share of natural gas in its energy mix to 15% by 2030, currently standing at about 6%.
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