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ONGC seeks oil and gas output from KG block in FY24

Tuesday, 15 Feb 2022
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The Oil and Natural Gas Corporation's (ONGC's) delayed Krishna Godavari basin KG-D5 project is likely to hit peak oil and natural gas output in FY24.

As per the original schedule, ONGC was to start gas production from the Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil was to flow in March 2020. IT missed the timelines due to contracting issues and supply chains hit by the pandemic.

The block is currently producing 0.6 mmscmd and a third well coming on stream will add 1.75 mmscmd by March 2022.

In FY24, a peak output of 2.2 million tonne or about 44,000 barrels per day of oil and 10.41 mmscmd of gas is likely to be achieved.
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