India's ONGC Reveals New Oil and Gas Finds in Flagship Offshore Basin

SEATTLE (Oil Monster): India’s Oil & Natural Gas Corporation (ONGC) has revealed promising offshore oil and gas discoveries in the Mumbai Offshore basin, in two areas awarded as part of India’s open acreage and licensing policy (OALP) regime.

The state giant is pushing ahead with aggressive exploration plans that aim to significantly boost domestic oil production and scale up its areas under exploration to around 500,000 square kilometres in the long term.

ONGC has reported discoveries at the OALP-6 block MB-OSHP-2020/2 and OALP-3 block MB-OSHP- 2018/1, both in the offshore Mumbai basin.

Courtesy: www.upstreamonline.com