Key facts
- Oil India Limited discovered natural gas in the Krishna-Godavari Basin.
- The discovery was made at the Godavari-1 appraisal well.
- Peak test flow recorded at 200,000 standard cubic meters per day.
State explorer Oil India Limited (OIL) announced on Friday the discovery of natural gas in a previously unexplored formation within the shallow Krishna-Godavari Basin. The find was made at the Godavari-1 appraisal well in the Matsyapuri formation, with a peak test flow of 200,000 standard cubic meters per day. The company has not yet provided an estimate for the potential reserves. India is prioritizing domestic oil and gas exploration to enhance energy security, particularly in light of supply disruptions and price hikes linked to the Strait of Hormuz crisis. The government has launched an ambitious National Offshore Exploration Scheme with significant financial backing.