Question: Who amongst the following has recently discovered new oil reserves in the west near the Mumbai High (near the WO-16 region) in the Arabian Sea?
(a) Cairn Energy
(b) ONGC
(c) Vedanta Energy
(d) Reliance Petrochemicals Limited
Answer: (b)
Related facts:
- In September, 2017, Public Sector Undertaking Oil and Natural Gas Corporation (ONGC) has discovered a new oil reserves in the west near the Mumbai High (near the WO-16 region) in the Arabian Sea.
- According to a senior official, the new oil reserves have been discovered in WO-24-3.
- It is estimated to hold an in-place reserve of about 20 million tones.
- It is notable that this new find has come almost 50 years after ONGC began production in Mumbai High.
- This will help the company maintain production levels from the basin for a longer time than currently estimated.
- Mumbai High is the largest oil field in India, which currently produces 205,000 barrels of crude oil per day (more than 10 million tonnes per annum).
- Mumbai High is the main oil producing property of ONGC.
Related Links:-
http://indiatoday.intoday.in/education/story/ongc-oil-arabian-sea/1/1052929.html
http://www.financialexpress.com/industry/ongc-makes-massive-new-discovery-at-mumbai-high-find-may-pep-up-production-for-years/864001/