Oil cos strike it rich this fiscal

ONGC and Oil India (OIL) and other private parties have made 12 new oil and gas discoveries in the current financial year 2006-07. “These new discoveries are under different stages of appraisal through data acquisition, processing and interpretation of data as well as drilling of appraisal wells,” minister of state for petroleum & natural gas Dinsha Patel said in the Rajya Sabha. ONGC have made three gas discoveries — Deloli in Cambay basin, Adichapuram in Cauvery onland and Krishna Godavari (KG) deep water. OIL has made two oil and gas discoveries at Baghjan and Shanti in Tinsukia district of Assam. Private companies have made seven discoveries — RJ-ON-90/6 in Rajasthan, CB-ONN-2000/1 in Gujarat, four in eastern offshore areas (KG-DWN-98/2, KG-OSN-2001/3, KG-DWN-98/3 and KG-OSN-2001/1) and one in western offshore block SWP-1.