ONGC Achieves Milestone: Fifth Oil Well Starts Production in KG-DWN-98/2 Block

Oil and Natural Gas Corporation Ltd (ONGC) has achieved a significant milestone by starting production from its fifth oil well in the Block KG-DWN-98/2 Cluster-2 asset. This development, which leverages the floating production, storage, and offloading (FPSO) vessel, also marks the commencement of transport and sale of associated gas. Additionally, ONGC has commissioned its gas export line from offshore to onshore terminal. The oil production, which started in January, has seen 4 of 13 wells already flowing, while gas production is also advancing with 3 of 7 wells online. The company's dedication to energy self-sufficiency is evident with six water injection wells enhancing output. This update is made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015.