Oil and Natural Gas Corp (ONGC) has made two oil and gas discoveries in Gujarat taking the number of oil and gas strikes to 24 in the 2010-11 financial year. The first of the two latest discoveries was made at block CB-ONN-2004/2 in Gujarat.
The company has 50% interest in the block that it had won along with Gujarat State Petroleum Corp (40%) and Sunterra (10%) in the seventh round of bidding under New Exploration Licensing Policy (NELP). Exploratory well Vadtal-3 produced oil at a rate of 22.5 cubic meter per day and gas at a rate of 3758 cubic meter per day on testing. The oil produced is of very good quality with a gravity of 41.10 API.
In the western offshore, ONGC has made an oil discovery in a nomination block Linch Extn-1. Development well North Kadi-461 in Linch Extn-I PML, Western Onshore Basin, was drilled to a depth of 1600 meters. The oil is heavy oil with 25.390 API gravity.
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