ONGC strikes oil in Krishna-Godavari Basin

State-owned oil giant, ONGC has struck oil in nomination block-IG at a water depth of 225 metres in well G-4-6, 15 kms off Yanam coast, Andhra Pradesh, the well is still under drilling and the discovery has been notified to the Directorate-General of Hydrocarbons.The three-hydrocarbon bearing sands have been encountered in a gross interval of 3757m to 4185m based on geogical data, log evaluation and the one mini-Drill Stem Test. The thickest sand interval (4108 - 4185 m) comprises 55 metres of net oil pay.