You might have heard the Natural Gas drillings near Kakinada by ONGC(Oil Natural Gas Corporation). Collect information and prepare a note on the status of Gas production at the basin. (AS4)

Exploration of oil and gas is undertaken from August, 2011 in the Eastern Offshore Asset (EOA), Kakinada, of the Oil and Natural Gas Corporation. This is the major offshore project taken up by the ONGC, which is using its vast experience and knowledge in spotting the oil and gas reserves both onshore and offshore. Baker Hughes and Schlumberger are fields –development companies working on offshore natural gas fields near the city. The Krishna –Godavari basin is considered the largest natural gas basin in India. Significant discoveries of oil and natural gas were made by ONGC, Gujarat State Petroleum Corporation, and Reliance which has been extracting gas from KG D6 block off the Kakinada coast. The envisaged production of the asset is 0.99 million metric tonnes of oil and 4.636 billion cubic meters of natural gas over a period of 11 years, whereas the peak oil production is assessed as 9,300 barrels of oil per day and that of the gas production as 1.6 million standard cubic meters per day.