The Indian government has announced fresh oil discovery in Krishna-Godavari basin...Indian Union Minister for Petroleum and Gas says oil production by state-owned oil corporation o-n-g-c has started. According to Puri, the energy production of the country is also set to rise.

Oil production in Krishna Godavari basin starts | World Business Watch

<p>Hardeep Singh Puri, India's Union Minister for Petroleum and Natural Gas, on Monday (Jan 8) announced a new oil discovery in the country.&nbsp;</p>

<p>The state-controlled Oil and Natural Gas Corporation (ONGC) on Sunday kicked off oil extraction from its flagship deep-water project in the Krishna Godavari basin offshore the nation's eastern coast.&nbsp;</p>

<p>On Sunday, Puri took to X and said that it was the "First Oil" production commenced from the complex and difficult deepwater KG-DWN-98/2 Block, which is situated off the coast of the Bay of Bengal.&nbsp;</p>

<p>The union minister further said that the energy production of the country is also set to rise from the deepest frontiers of Krishna Godavari.&nbsp;</p>

<p><strong>Also read: <a href="https://www.wionews.com/india-news/india-inked-investment-deals-worth-83bn-potential-for-27mn-jobs-says-tn-govt-677892">Inked Investment deals worth $83bn, potential for 2.7mn jobs, says TN govt</a>&nbsp;</strong></p>

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<p dir="ltr" lang="en">बधाई भारत! <a href="https://twitter.com/hashtag/ONGCJeetegaToBharatJeetega?src=hash&amp;ref_src=twsrc%5Etfw">#ONGCJeetegaToBharatJeetega</a>!<br />
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As India powers ahead as the fastest growing economy under leadership of PM <a href="https://twitter.com/narendramodi?ref_src=twsrc%5Etfw">@NarendraModi</a> Ji, our energy production is also set to rise from the deepest frontiers of <a href="https://twitter.com/hashtag/KrishnaGodavari?src=hash&amp;ref_src=twsrc%5Etfw">#KrishnaGodavari</a><br />
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“First Oil” production commences from the complex &amp;… <a href="https://t.co/gN2iPSs0YZ">pic.twitter.com/gN2iPSs0YZ</a></p>
— Hardeep Singh Puri (@HardeepSPuri) <a href="https://twitter.com/HardeepSPuri/status/1744053392203252102?ref_src=twsrc%5Etfw">January 7, 2024</a></blockquote>
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<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/WATCH?src=hash&amp;ref_src=twsrc%5Etfw">#WATCH</a> | Karnataka: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri announces new oil discovery in the country.<br />
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He says, "30 kilometres off the coast of Kakinada in the Krishna Godavari Basin, the first oil was extracted yesterday. Work started on this in… <a href="https://t.co/gN5s6WsQ4D">pic.twitter.com/gN5s6WsQ4D</a></p>
— ANI (@ANI) <a href="https://twitter.com/ANI/status/1744341471963336717?ref_src=twsrc%5Etfw">January 8, 2024</a></blockquote>
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<p>In a video posted by the news agency ANI on Monday, Puri said that the first oil was extracted a day before at 30 kilometres off the coast of Kakinada in the Krishna Godavari Basin.&nbsp;</p>

<p>He said, "Work started on this in 2016-17, then there were some delays due to COVID-19, but I'm sure that out of the 26 wells there, four wells are already operational."&nbsp;</p>

<p><strong>Also read:&nbsp;<a href="https://www.wionews.com/india-news/how-sardar-patel-kept-pakistan-from-grabbing-lakshadweep-islands-677850">How Sardar Patel kept Pakistan from grabbing Lakshadweep Islands</a>&nbsp;</strong></p>

<p>He further added, "We will not only have gas also in a very short period but by May and June, we hope to be able to produce 45,000 barrels per day, which will be 7 per cent of our total crude oil production and 7 per cent of our gas production..."&nbsp;</p>

<p>The minister further said that the production is expected to be 45,000 barrels per day and over 10 million cubic metres of gas per day, contributing towards an energy 'Aatmanirbhar Bharat'.&nbsp;</p>

<p>This project is expected to add seven per cent to current national oil production and seven per cent to national natural gas production. &nbsp;</p>


Hardeep Singh Puri, India's Union Minister for Petroleum and Natural Gas, on Monday (Jan 8) announced a new oil discovery in the country. The state-controlled Oil and Natural Gas Corporation (ONGC) on Sunday kicked off oil extraction from its flagship deep-water project in the Krishna Godavari basin offshore the nation's eastern coast.

Hardeep Singh Puri, India's Union Minister for Petroleum and Natural Gas, on Monday (Jan 8) announced a new oil discovery in the country. The state-controlled Oil and Natural Gas Corporation (ONGC) on Sunday kicked off oil extraction from its flagship deep-water project in the Krishna Godavari basin offshore the nation's eastern coast. On Sunday, Puri took to X and said that it was the "First Oil" production commenced from the complex and difficult deepwater KG-DWN-98/2 Block, which is situated off the coast of the Bay of Bengal. The union minister further said that the energy production of the country is also set to rise from the deepest frontiers of Krishna Godavari. Also read: Inked Investment deals worth $83bn, potential for 2.7mn jobs, says TN govt बधाई भारत! #ONGCJeetegaToBharatJeetega! As India powers ahead as the fastest growing economy under leadership of PM @NarendraModi Ji, our energy production is also set to rise from the deepest frontiers of #KrishnaGodavari “First Oil” production commences from the complex &… pic.twitter.com/gN2iPSs0YZ — Hardeep Singh Puri (@HardeepSPuri) January 7, 2024 × #WATCH | Karnataka: Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri announces new oil discovery in the country. He says, "30 kilometres off the coast of Kakinada in the Krishna Godavari Basin, the first oil was extracted yesterday. Work started on this in… pic.twitter.com/gN5s6WsQ4D — ANI (@ANI) January 8, 2024 × In a video posted by the news agency ANI on Monday, Puri said that the first oil was extracted a day before at 30 kilometres off the coast of Kakinada in the Krishna Godavari Basin. He said, "Work started on this in 2016-17, then there were some delays due to COVID-19, but I'm sure that out of the 26 wells there, four wells are already operational." Also read: How Sardar Patel kept Pakistan from grabbing Lakshadweep Islands He further added, "We will not only have gas also in a very short period but by May and June, we hope to be able to produce 45,000 barrels per day, which will be 7 per cent of our total crude oil production and 7 per cent of our gas production..." The minister further said that the production is expected to be 45,000 barrels per day and over 10 million cubic metres of gas per day, contributing towards an energy 'Aatmanirbhar Bharat'. This project is expected to add seven per cent to current national oil production and seven per cent to national natural gas production.

India starts oil extraction from $5 billion deep-water project in Krishna Godavari basin

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Oil production in Krishna Godavari basin starts | World Business Watch

India starts oil extraction from $5 billion deep-water project in Krishna Godavari basin