Ministry for Petroleum & Natural Gas and Steel dedicated the Bengal Basin, the 8th producing basin of India, to the nation

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Daily Current Affairs Article 23rd December 2020: Bolstering efforts to meet one of the vital essentials- the energy need for AtmaNirbhar Bharat, Ministry for Petroleum & Natural Gas and Steel dedicated the Bengal Basin, the 8th producing basin of India, to the nation.

ONGC took a major step by commencing oil production from the well Asokenagar-1, Bengal Basin in 24 Paragana district.

The well Asoknagar-1 was completed as an oil producer under Early-Monetization Plan issued by Government of India.

This makes ONGC having discovered and put to production seven out of the eight producing basins of India covering 83 percent of established oil & gas reserves.

ONGC is India’s largest oil and gas producer contributing 72 percent of the country’s hydrocarbon production.

The well Asokenagar-1 has heralded the end of painstaking search for hydrocarbons in the region by ONGC by sending its first hydrocarbon consignment produced during well testing to IOCL’s Haldia Oil Refinery done earlier on 5 November 2020.