ONGC makes promising oil, gas discoveries in Mumbai offshore basin

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The story "ONGC makes promising oil, gas discoveries in Mumbai offshore basin" was covered 7 hours ago by Business Standard, a news publisher based in India.

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ONGC makes promising oil, gas discoveries in Mumbai offshore basin - Business Standard

Quick Summary:

The discoveries, which have been named Suryamani and Vajramani, were made in OALP-VI block MB-OSHP-2020/2 and OALP-III block MB-OSHP- 2018/1, both in the offshore Mumbai basin.

State-owned Oil and Natural Gas Corporation (ONGC) has made promising offshore oil and gas discoveries in the Mumbai Offshore basin that could help augment production in the near future.

The discoveries have been made in blocks awarded under the Open Acreage Licensing Policy (OALP) regime, the state-owned firm said in its fourth-quarter earnings statement.