The successful extraction from the KG Block is more than just a technical achievement; it is a strategic move that aligns with the Aatmanirbhar Bharat initiative. “This success has significant economic benefits, including boosting the domestic oil and gas sector, reducing dependency on imports, and creating job opportunities in the energy industry,” says ES Ranganathan. ONGC's achievement supports the government's vision of making India self-reliant in various sectors, including energy.
This victory is expected to have various positive economic impacts, significantly contributing to the nation's GDP. “Job creation in the oil and gas sector will strengthen the workforce and support local communities,” says ES Ranganathan. Additionally, increasing domestic oil production enhances India's energy security, providing a stable and reliable source to meet the nation’s growing energy demands. “The successful development of the 'M' field in phase 2 of the project is expected to significantly impact India's oil output, with an estimated peak production of 45,000 barrels per day,” mentions Ranganathan. ONGC's commitment to the 'Make in India' initiative was clear, as most of the fabrication work was done at a modular facility in Kattupalli. The KG-DWN-98/2 block, located next to Reliance Industries Ltd’s (RIL) gas field at the KG-D6 block, is a valuable addition to ONGC's portfolio.
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