New Delhi, December 04, 2023.
ONGC will in May next year start commercial production of crude oil from its much-delayed flagship deepsea project in Krishna Godavari basin.
ONGC’s KG basin project, KG-DWN-98/2, is in “challenging geology”.
Delays have occurred due to multiple challenges and issues in actual project implementation such as subsurface geological issues, shifting of well locations and surface facilities/processing platform, delays and disruption in project supply chain for vendors spread across multiple countries due to Covid-19 pandemic and challenging weather conditions.