ONGC commenced its ‘First Oil flow to FPSO’, from Krishna Godavari Deep-Water Block 98/2 (in Bay of Bengal) on 7 January 2024, nearing completion of Phase-2 of the project. Phase 3, leading to peak Oil and Gas production, is already underway and likely to be over in June 2024. The 98/2 project is likely to increase ONGC’s total Oil and Gas production by 11 per cent and 15 per cent respectively.
ONGC commenced its ‘First Oil flow to FPSO’, from Krishna Godavari Deep-Water Block
