ONGC’s Mahanadi Gas Discovery: What Comes Next For Deepwater Exploration? | Business News | ET Now
ET Now · 24 Sept 2026 · 7 min
Management interview of Oil and Natural Gas Corporation Ltd (ONGC), with 1 key numbers discussed.
- Om Prakash Sinha, Director of Exploration, Oil and Natural Gas Corporation Ltd
ONGC has reported a gas discovery in the Mahanadi deepwater basin under its Samudra Manthan exploration campaign. Initial testing showed sustained reservoir pressure and flow rates above 0.25 million cubic meters per day, which management considers viable for development. The well is situated around 40-43 km from the Odisha coastline, offering multiple field development options. ONGC plans to drill more wells to consolidate discovery volumes before projecting incremental production and intends to incrementally increase exploration capex for frontier and deepwater areas.