DELHI, India -- ONGC has struck oil with the G-4-6 well at a water depth of 225 m (738 ft). The well is located in nomination Block- IG offshore India.
Based on geological data, log evaluation, and one mini drill-stem test, the well encountered three hydrocarbon bearing sands over a gross interval of 3,757 to 4,185 m (12,326 to 12,730 ft). The thickest sand interval comprises 55 m (180 ft) of net oil pay, the company says.
ONGC plans a fast-track Hub development program, clustering geographically proximal finds including G-2, GS-29, Padmawati, and Kanakadurga, using an FPSO. Production is expected to be on course with an initial rate of 20,000 b/d by 2012-13, expected to peak to around 150,000 b/d by 2016-17, the company says.