ONGC adds well to boost oil, gas output from K-G basin block

Oil and gas production from ONGC’s $5-billion KG-D5 project off Andhra coast has increased with the addition of the fifth of thirteen deep-sea wells. The facility, leveraging an FPSO vessel, aims to cut import reliance and achieve zero gas flaring. Peak production targets are 45,000 bopd and over 10 mmscmd of gas, currently producing 12,000 bopd and 0.