ONGC starts oil production from delayed USD 5 billion deep-water project

New Delhi, January 08, 2024.

State-controlled Oil and Natural Gas Corporation (ONGC) has started oil production from its much-delayed flagship deep-sea project in Krishna Godavari basin in Bay of Bengal, helping reverse years of decline in output, the company said.

ONGC has started producing from the Cluster-2 project in KG-DWN-98/2 block and will slowly ramp up output.

Oil Minister Hardeep Singh Puri said “first oil production commences from complex and difficult” block.