Big success in the direction of becoming self-sufficient, ONGC discovered 2 oil and gas reserves in Mumbai block

ONGC Oil Blocks: India has got great success in the direction of becoming self-sufficient in the production of crude oil. The country’s largest government oil company ONGC has succeeded in finding two oil and gas wells in the Arabian Sea in the Mumbai offshore region. The company has said that it has informed the Directorate General of Hydrocarbons (DGH) and the Ministry of Petroleum and Natural Gas about this discovery. Petroleum Minister Hardeep Singh Puri has congratulated ONGC for this discovery.

ONGC has named the first oil and gas well reservoir discovered under OALP (Open Acreage Licensing Policy) in the Mumbai offshore region as AMRIT. And in the second exploration block, the discovery has been named Moonga. ONGC told that both of these oil and gas discoveries are being assessed in detail.

#ONGC has struck gold once again in the Arabian Sea!
The latest discoveries, MBS171HAA-1 “AMRIT” in OALP block MB-OSHP-2017/1 & MBS182HDA-1 “Moonga” in Mumbai Offshore
A detailed assessment of the discoveries is in progress.#ONGCJeetegaTohJeetegaIndia @g20org pic.twitter.com/jnRLIBMJVQ

— Oil and Natural Gas Corporation Limited (ONGC) (@ONGC_) May 11, 2023

ONGC said that with these discoveries, the company continues its impressive streak in OALP blocks by making new discoveries in recent years. Sushma Rawat, Director Exploration, ONGC said that with these remarkable findings in OALP 1 and OALP 3 rounds, the company reaffirms its exploration commitment to unlock the vast potential of India’s hydrocarbon resources.

Hon’ble @PetroleumMin @HardeepSPuri extended heartfelt congratulations to #ONGC on the remarkable discoveries of ‘Amrit’ & ‘Moonga’ in OALP blocks MB-OSHP-2017/1 & MBS182HDA-1 in Arabian Sea, marking a significant milestone in India’s #energy security.#ONGCJeetegaTohJeetegaIndia pic.twitter.com/vS7end6gFl

— Oil and Natural Gas Corporation Limited (ONGC) (@ONGC_) May 12, 2023

ONGC said it has analyzed geological data and deployed advanced technology to successfully identify substantial oil and gas reserves within the OALP blocks. However, this is news of relief for India, which has to import 80 per cent of its crude oil consumption. Due to the new discovery, there can be a decrease in imports, then foreign exchange will be saved.

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