PM Modi Hails ONGC's Fresh Oil Production From Krishna Godavari Basin

Prime Minister Narendra Modi recently hailed the commencement of fresh oil extraction from state-owned ONGC”s flagship deep-sea project in the Krishna Godavari basin, characterizing it as a remarkable feat in India”s energy journey and a boost for the mission “Aatmanirbhar Bharat”.

Sharing Oil Minister Hardeep Singh Puri”s post, Modi said. “It will have several benefits for our economy as well.” In a post on X, Oil Minister Hardeep Singh Puri announced the commencement of the first oil production from G-DWN-98/2 Block, situated off the coast of the Bay of Bengal.

“”First Oil” production commences in the complex and difficult deepwater KG-DWN-98/2 Block, situated off the coast of the Bay of Bengal. Production is expected to be 45,000 barrels per day & over 10 million cubic metres of gas per day, contributing towards energy,” he said.

“As India powers ahead as the fastest-growing economy under the leadership of PM @NarendraModi Ji, our energy production is also set to rise from the deepest frontiers of #KrishnaGodavari.”

The Oil and Natural Gas Corporation (ONGC) on Monday said it has started oil production from its flagship deep-sea project in the Krishna Godavari basin in the Bay of Bengal, which will help reverse years of decline in output. The “first oil” from the deep-water KG-DWN-98/2 block in the Bay of Bengal flowed on January 7, the firm said in a statement.

According to Narendra Taneja, Chairman of the Independent Energy Policy Institute, a think tank based in New Delhi, and Distinguished Research Fellow at the Oxford Institute for Energy Studies, “This is a huge step. They first conducted a search operation in the deep sea near the Krishna-Godavari Basin and then started production. We have now started 47,000 barrels of ONGC production from there. In future, it will be 75,000 barrels.”