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India: Prime Minister flags-off first crude oil tanker from ONGC Krishna Godavari deepwater block


04 Mar 2024

Photo - see caption

Marking an historic achievement in India’s energy sector, Hon’ble Prime Minister Shri Narendra Modi flagged off the ‘First Crude Oil’ tanker ‘Swarna Sindhu’ from ONGC’s Krishna Godavari deepwater block. At its peak production, the project will add 7 percent to India’s oil and gas production.

The flag-off ceremony, organized in Begusarai in Bihar, was graced by Bihar Governor Shri Rajendra Vishwanath Arlekar, Bihar Chief Minister Shri Nitish Kumar and Shri Giriraj Singh, Minister of Rural Development and Panchayati Raj Department and MP, Begusarai Loksabha constituency along with Shri Hardeep Singh Puri, Hon’ble Minister for Petroleum & Natural Gas and Housing & Urban Affairs, Government of India along with senior dignitaries from Petroleum Ministry, Shri Arun Kumar Singh, Chairman and CEO, ONGC and Directors of ONGC.

Photo - see caption
Prime Minister flags-off first crude oil tanker from ONGC Krishna Godavari deepwater block

During the event, Hon’ble Prime Minister also dedicated ONGC’s Mumbai High North Oil Field Redevelopment Phase IV, Heera Redevelopment Phase-III and phase-II development in Krishna Godavari Nagayalanka NELP Block, to the nation.

Developed with an investment of over 41,000 crore rupees, the KG-DWN 98/2 Deepwater Oil Field M in Krishna Godavari Basin is one of the most technologically complex projects. Total envisaged peak gas production and oil production from the Project is about 10 MMSCMD and 45,000 BOPD.

ONGC had all subsea structures fabricated by Indian manufacturers at Kattupalli, in line with the Prime Minister's vision of Aatmanirbhar Bharat.

Background

The extraction of ‘First Oil’ from KG Basin marks an historic achievement in India's energy sector, promising to significantly reduce its dependence on energy imports. The project also heralds a new era in India's energy sector, promising to bolster energy security and foster economic resilience.

During its life cycle, the Project KG-DWN-98/2 Cluster-II will add a total of 30.5 BCM (Billion Cubic Meter) of Gas and 14.24 MMT (Million Tons) of oil to the Indian domestic oil and gas production. This will help the Government of India to reduce the dependency on crude and LNG import.

Original announcement link

Source: ONGC





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