+
ONGC KG Basin Peak Production Delayed to 2024 End
OIL & GAS

ONGC KG Basin Peak Production Delayed to 2024 End

ONGC's anticipated peak production phase at the KG Basin might face a setback, potentially delaying its realisation until the end of 2024. This delay is attributed to various factors, including logistical challenges, operational complexities, and regulatory hurdles.

The postponement of peak production at the KG Basin poses challenges for ONGC's operational timelines and revenue projections. The company must navigate through the obstacles to ensure efficient exploration and extraction processes in the region.

ONGC's KG Basin project holds significant importance for India's energy sector, as it plays a crucial role in the country's domestic hydrocarbon production. Any delay in achieving peak production could impact India's energy security and necessitate adjustments in the nation's energy strategy.

Despite the potential delay, ONGC remains committed to optimising its operations at the KG Basin and overcoming the challenges hindering peak production. The company continues to explore innovative solutions and leverage its expertise to expedite the project's progress.

ONGC's efforts to address the delays at the KG Basin underscore its resilience and determination to enhance domestic oil and gas production. The company's proactive approach in overcoming obstacles reflects its dedication to contributing to India's energy self-sufficiency and economic growth.

As ONGC navigates through the challenges associated with the KG Basin project, stakeholders closely monitor developments in the region. The successful execution of the project is critical not only for ONGC's growth trajectory but also for India's energy landscape and overall economic development.

ONGC's anticipated peak production phase at the KG Basin might face a setback, potentially delaying its realisation until the end of 2024. This delay is attributed to various factors, including logistical challenges, operational complexities, and regulatory hurdles. The postponement of peak production at the KG Basin poses challenges for ONGC's operational timelines and revenue projections. The company must navigate through the obstacles to ensure efficient exploration and extraction processes in the region. ONGC's KG Basin project holds significant importance for India's energy sector, as it plays a crucial role in the country's domestic hydrocarbon production. Any delay in achieving peak production could impact India's energy security and necessitate adjustments in the nation's energy strategy. Despite the potential delay, ONGC remains committed to optimising its operations at the KG Basin and overcoming the challenges hindering peak production. The company continues to explore innovative solutions and leverage its expertise to expedite the project's progress. ONGC's efforts to address the delays at the KG Basin underscore its resilience and determination to enhance domestic oil and gas production. The company's proactive approach in overcoming obstacles reflects its dedication to contributing to India's energy self-sufficiency and economic growth. As ONGC navigates through the challenges associated with the KG Basin project, stakeholders closely monitor developments in the region. The successful execution of the project is critical not only for ONGC's growth trajectory but also for India's energy landscape and overall economic development.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?