Published On:November 4 2014
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ONGC to drill 103 wells in Cambay basin in Gujarat.
The Oil and Natural Gas Corporation Limited (ONGC) will be drilling a phenomenal 100-plus exploratory wells in the Cambay Basin in Gujarat which seems to have suddenly become an epicenter of oil & gas discoveries.
The company recently received environment clearance from the Ministry of Environment and Forests (MoEF) to drill 103 wells in 30 blocks in the districts of Mehsana and Patan districts which are the upper reaches of the Cambay basin. The company will be spending over Rs. 670 crore in drilling these wells that will have a depth varying between 1000-3500 meters.
These 30 blocks are spread over an 1116 square kilometers. Interestingly, the proposed area for drilling these wells is known to have hydrocarbon reserves. About 1500 wells have already been drilled in the proposed area and the oil production is approximately 40,000 MTPD (Metric Tonnes Per Day).
THE FINANCIAL EXPRESS