ONGC to start production from KG basin by 2012-13

Oil and Natural Gas Corporation said on Wednesday it will begin production from its ultra deep sea gas discovery in the Krishna-Godavari basin off the east coast by 2012-13.

"The company is firming up an appraisal plan for integrated development of the discoveries in shallow to deepwater (northern) part of the KG-DWN-98/2 block along with other fields in adjoining nomination acreages, which is projected to yield 12-15 million cubic meters per day gas by 2012-13," ONGC Chairman R S Sharma said on Wednesday.