Owing to lack of proper infrastructure set up, state-run exploration and production (E&P) major Oil and Natural Gas Corporation (ONGC) has only shelved out development of six prospective discoveries made in recent years in the backward regions. ONGC has discoveries under its belt like Karjan, Linch and Mekrang lying in areas where no infrastructure is available. To add much to the worries, it has not found any customers for these discoveries and hence it has not prepared any detailed development plan.
ONGC’s six discoveries are a part of 66 (26 onshore and 40 offshore) finds, which are in various stages of exploration. It is in the process of crystallising the plans to put these discoveries into production, keeping in view the connectivity and resource planning.
On linkages of discoveries with the requirement of customers, one of its finds in Tripura, has been linked to an upcoming power plant, likely to become operational from 2012-13.
Out of the total 111 discoveries made during the past six years, the company has put 45 into production.
1 thought on “ONGC halts development of six discoveries”
Comments are closed.