Oil and Natural Gas Corporation has discovered natural gas reserves in Krishna Godavari basin off the Andhra coast, Minister of State for Petroleum and Natural Gas Dinsha Patel said on Tuesday.
"Exploratory efforts by ONGC have led to the discovery of gas in the ultra-deep waters of KG-DWN-98/2 block in KG offshore," he said in a written reply to a question in Rajya Sabha.
He, however, said the quantum of gas has not been ascertained so far.
"Commercial production (will) depend on commerciality of discovery," he said.
ONGC has, however, stated that it has found 2.09 to 6.73 trillion cubic feet of initial in-place volumes in northern structure and 2.61 to 8.03 Tcf in the southern structure identified through the UD-1 well in Block KG-DWN-98/2. The total inplace volumes for both the culminations have been estimated between 2.09-14.76
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