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Press Information Bureau
Government of India
Ministry of Petroleum & Natural Gas
18-November-2010 16:33 IST
Deep Water Drilling of Oil/Natural Gas
Deep water exploration in 18 blocks awarded in Krishna-Godavari (KG) Basin, has resulted in 36 gas discoveries so far. In Cauvery Basin, till date 10 exploration blocks have been awarded in Cauvery Basin deepwater area and 9 exploratory wells have been drilled, resulting in 1 oil/gas discovery. This was stated by the Minister of State for Petroleum & Natural Gas Shri Jitin Prasada in the Lok Sabha in a written reply today.

Shri Prasada further said that the Government has approved a proposal for granting drilling moratorium for 3 years starting 1st January, 2008 to 31st December, 2010 to thirty deepwater blocks under the Production Sharing Contract regime signed upto New Exploration and Licensing Policy (NELP)-V, where drilling commitments (except development drilling) remained unfulfilled as on 1st January, 2009. There is no proposal to review the above implemented policy.

RCJ/DT