State-run Oil and Natural Gas Corp (ONGC) has made another discovery in its Bay of Bengal block KG-D5, taking the number of finds in the area to 13. ONGC discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries.
“On conventional testing, exploratory well F-1 flowed oil at the rate of 732 barrels per day and gas at the rate of 13,155 cubic meters a day,” ONGC Chairman and Managing Director Dinesh K Sarraf told reporters. The 7,294.60 sq km deepsea KG-D5 block has been broadly categorised into Northern Discovery Area (NDA - 3,800.6 sq km) and Southern Discovery Area (SDA - 3,494 sq km). The latest discovery has been made in NDA.