{"id":121253,"date":"2024-08-25T17:24:43","date_gmt":"2024-08-25T17:24:43","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/25\/ongc-adds-well-to-boost-oil-gas-output-from-k-g-basin-block-times-of-india\/"},"modified":"2024-08-25T17:24:43","modified_gmt":"2024-08-25T17:24:43","slug":"ongc-adds-well-to-boost-oil-gas-output-from-k-g-basin-block-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/08\/25\/ongc-adds-well-to-boost-oil-gas-output-from-k-g-basin-block-times-of-india\/","title":{"rendered":"ONGC adds well to boost oil, gas output from K-G basin block &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-112786006,imgsize-84460.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ONGC adds well to boost oil, gas output from K-G basin block &#8211; Times of India\" title=\"ONGC adds well to boost oil, gas output from K-G basin block &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <!-- -->Oil<!-- --> and gas <!-- -->production<!-- --> from <!-- -->ONGC<!-- -->\u2019s $5-billion showpiece project off the Andhra coast is set to rise after the state-run explorer brought on stream the fifth of the 13 wells in the deepsea <!-- -->KG-D5<!-- --> block, a move that will boost revenue and contribute towards reducing the country\u2019s import dependence.<br \/>The oil well was opened on Saturday, the company said in a stock exchange filing on Sunday without quantifying the production rate.&#8221;Leveraging the floating production, storage, and offloading (FPSO) vessel, ONGC has begun transporting and sale of associated gas, all the while underscoring its commitment to achieving zero <!-- -->gas<!-- --> flaring,&#8221; it said, adding the export link between the offshore facility and onland receiving terminal has also been commissioned.<br \/>Oil production from the project, envisaging 13 wells for oil and seven for gas began in January. The company plans to ramp up production by opening the wells gradually to maintain reservoir health and avoid geological surprises of water or sand ingress choking production like they did in case of Reliance Industries Ltd\u2019s fabled KG-D6 block next door.<br \/>Peak production is expected to be 45,000 barrels of oil per day (bopd) and over 10 million standard cubic meters per day of gas. Current production is estimated at 12,000 bopd and 0.4 mmscmd of gas.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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