ONGC strikes gas off AP coast
By Our Corporate Bureau | 25 Jun 2005
Mumbai:
The Oil and Natural Gas Corporation (ONGC) has discovered gas off the Andhra
Pradesh coast, in the ninth well drilled in GS-15 prospect, 15km off Amalapuram
coast. The present discovery was made South-west of the Ravva gas field
and the corporation feels that even oil could be found there.
An ONGC
spokesman said, "While most of it is gas, the lower level indicates
an oil leg." An oil leg refers to the oil under a gas basin.
An evaluation
of the discovery is under way. An estimate of the quantity and quality of
both oil and gas would be available by the end of the first week of July.
The well, which was spudded, on May 28, has a target depth of 2,500 metres. The drilling operations indicate a 45-metre high hydrocarbon column between 1,684 metres and 1,760 metres.
ONGC has five rigs in the eastern offshore. Two chartered and one of ONGC's own rigs are prospecting for oil and gas in deep waters.