ONGC strikes oil and gas in two blocks in the Cauveri basin

State-run explorer Oil and Natural Gas Corporation Ltd (ONGC) has announced discoveries of oil and gas in two exploratory wells in the Cauvery basin in the east coast.

ONGC notified the two discoveries - North Kovilkallappal-1, an inland exploratory well and GS-KV-1, in the shallow waters offshore KG Basin - both in the Cauvery basin, to the Directorate General of Hydrocarbon (DGH).

ONGC announced the discoveries at its 210th board meeting held on 15 October. The company did not give details of the potential reserves.

ONGC said oil from the exploratory well North Kovilkallappal -1, in L-II PEL block in the Cauvery basin in the Andimadam formation, flowed at 300 barrels a day (40 m3/day) with 6 mm bean at depths of 2,132 to 2,130 metres.

The well, with a total hydrocarbon bearing zone of 2,132 to 2,120 metres, was drilled to a depth of 2,416 metres and has been put on production, ONGC said.

The well also yielded gas at another interval of 2,110-2,112 metres, ONGC said in a release.