ONGC will start oil production from its Krishna Godavari basin block KG-DWN-98/2 or KG-D5 in 2019. It will produce 4.5 million tonne each year, which is 20 per cent more than the previous estimates. The first gas from this block is expected to be in 2018 and the first oil in the year 2019. ONGC will produce 17 million standard cu mtr per day of gas from the block. KG-D5 is divided into a Northern Discovery Area (NDA) and Southern Discovery Area (SDA). NDA holds an estimated 92.30 million tonne of oil reserves and 97.568 billion cu mtr of in-place gas reserves, spread over seven fields. ONGC made six significant discoveries — E-1, A1, U1, W1, D-1 and KT-1 in NDA and the first ultra-deep water discovery UD-1 at a record depth of 2,841 mtr. Currently, it holds 3,800.6 sq km in NDA and 3,494 sq km in SDA.

here is company details.

 

NOTE :You need to login first to access this feature.