ONGC Unearths Oil And Gas Reserves In Madhya Pradesh And West Bengal

Oil and Natural Gas Corp (ONGC) has made oil and gas discoveries in Madhya Pradesh and West Bengal that may potentially open up two new sedimentary basins in the country reports PTI.

The firm has found gas deposits in a block in Vindhyan basin in Madhya Pradesh that is now being tested, similarly discovery has been made in a well in Ashok Nagar of 24 Parganas district in West Bengal.

India has 26 sedimentary basins, of which only seven have commercial production of oil and gas. Except for the Assam shelf, ONGC opened up for commercial production all the other six basins, including Cambay, Mumbai Offshore, Rajasthan, Krishna Godavari, Cauvery, and Assam-Arakan Fold Belt.

It is now in the process of adding the eighth by putting Kutch offshore on the oil and gas map of India.

"The seventh basin was opened way back in 1985. We are looking at adding three more basins in next five years time," ET quoted ONGC Director (Exploration) Ajay Kumar Dwivedi as saying.

ONGC had discovered oil and gas reserves in the Gulf of Kutch a few months back and plans to begin production within the next two to three years.