ONGC Claims 4 Discoveries Last Month

ONGC announced, after its Board meeting held on 25th February 2008, that it has notified to DGH four discoveries of Crude Oil and Natural Gas since the last Board meeting on 21st January 2008. Three of the discoveries are onland and the fourth in Offshore.

The onland discoveries have been made in well Kosamba-41 and well Chaklasi-8, both in western onshore and in well Mekrang-7 in Assam. The offshore discovery has been made in well B-12-11 in PEL Block BOFF 1,2,3 on the Arabian Sea.

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Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
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