Located 35 km off the coast of AP in water depths ranging from 300-3,200 metres

Marking a historic achievement in India’s energy sector, Prime Minister Mr Narendra Modi flagged off the ‘First Crude Oil’ tanker ‘Swarna Sindhu’ from ONGC’s Krishna Godavari deepwater block recently. 

At its peak production, this project will add 7% each to India’s oil and gas production.

Developed with an investment of over Rs 41,000 crore, the KG-DWN 98/2 Deepwater Oil Field M in Krishna Godavari Basin is one of the most technologically complex projects. 

Total envisaged peak gas production and oil production from the Project is about 10 MMSCMD (Million Standard Cubic Meters per Day) 45,000 Barrels of Oil per day.

ONGC had all subsea structures fabricated by Indian manufacturers at Kattupalli, in line with the Prime Minister’s vision of Aatmanirbhar Bharat.

The project also heralds a new era in India’s energy sector, promising to bolster energy security and foster economic resilience.

During its life cycle, the Project KG-DWN-98/2 Cluster-II will add a total of 30.5 BCM (Billion Cubic Meter) of Gas and 14.24 MMT (Million Tons) of oil to the Indian domestic oil and gas production. 

This will help the Government of India to reduce the dependency on crude and LNG import.

During the event, Prime Minister also dedicated ONGC’s Mumbai High North Oil Field Redevelopment Phase IV, Heera Redevelopment Phase-III and phase-II development in Krishna Godavari Nagayalanka NELP Block, to the nation.