ONGC spuds first well in Palar Basin

ONGC spuds first well in Palar Basin

ONGC opened up yet another chapter in the history of exploration when the first well in Palar Basin was spudded by Mr Narendra K Verma, Director (Exploration) in a location some 55 km from Chennai city on May 25, 2014. The Basin is sandwiched between two major prolific basins of the South – KG in the north and Cauvery in the South.
ONGC won the block PR-ONN-2005/1 spread over around 1800 sq km jointly with Tata Petrodyne Ltd (20% stake) in the seventh round of NELP bidding. It was granted an extension in the drilling of two wells under the Minimum Work Programme (MWP). The second well planned is around 7 km from the current site and will be drilled well within the time frame stipulated in the MWP.

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