The Hindu
The Oil and Natural Gas Corporation (ONGC) may decide on bidding for exploratory rights in the Kerala-Konkan basin based on the outcome of a re-analysis of the geochemical and geosciences data collected from the region earlier, said Sushma Rawat, Director (Exploration) of the corporation.
The ONGC may participate in the ninth round of the bidding process under the New Exploration Licensing Policy if the results are encouraging, said Ms. Rawath on the sidelines of the Biennial International Conference of the Society of Petroleum Geophysicists, which is to begin here on Friday.
Ms. Rawat said the earlier efforts to find gas and oil in the basin had not yielded the desired results. As many as 19 exploratory wells were drilled in the basin earlier. The seismic data collected from the operations and seabed will be analysed again to find out whether the region would yield any fresh results. Oil and gas remain elusive so far, she said.
