Indian energy firms are going extra mile in uncharted territories in quest for black gold to secure energy supplies for India. State-owned ONGC has set a world record by drilling at water depth of 3165 meters (10,385 feet), beating the record of 10,194 feet held by Reliance Industries (RIL), its private sector peer. In quest for black gold, ONGC’s chartered-hired ultra deep water drill ship DDKG1 has spudded well NA7-1 in exploratory block KG-DWN-2004/1 in east coast India at a water depth of 3165 meters (10,385 feet) on Jan 23, 2013, said an ONGC statement adding that thereafter it successfully lowered and latched subsea BOP and riser on wellhead on Feb 09, 2013 to drill further to TD 5625 meters. The rig owned by Transocean surpassed Transocean’s own prior record of 10,194 feet of water depth, set in 2011 by DDKG2 working for Reliance Industries, India in east coast.
“The days of easy oil are over and we have to go drill ultra-deep to find black gold to secure energy supplies for India,” said an ONGC official. Both, RIL and ONGC account of more than two-thirds of India’s energy supplies. ONGC alone has established 7.59 billion tonnes of in-place hydrocarbon reserves with more than 320 discoveries of oil and gas. In India, 6 out of the 7 producing basins have been discovered by ONGC. So far ONGC has cumulatively produced 851 million metric tonnes (MMT) of crude and 532 billion cubic meters (BCM) of natural gas, from 111 fields. In India, ONGC has bagged 121 of the 235 Blocks (more than 50%) awarded in the 8 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian government.
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