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The ONGC was also continuing its exploration in the Cauvery Basin and in Ramanathapuram area. As a result of the exploration, ONGC has been able to establish "production of oil @ 0.375 million tonnes per year and gas production @ 0.4 million cubic metres per day as on 1.1.2000", he said, quoting Ministerial figures.
ONGC Mangalore Petrochemicals Limited (OMPL) is an Indian company promoted by Oil and Natural Gas Corporation (ONGC) and Mangalore Refinery and Petrochemicals Limited (MRPL). Both ONGC and MRPL hold respectively 49% and 51% stake in the company.OMPL is a Subsidiary Company of MRPL and also a PSU behalf of share pattern of OMPL.
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Of these, 6 blocks were deepwater (beyond 400m isobath), 2 shallow offshore and 12 were onland blocks. The largest number of bids received were from Reliance which had bid for 12 of the 20 blocks, followed by ONGC which had bid for 10 and Oil India Ltd which put in a bid for six blocks. [6] The PSC’s were signed for all 20 exploration blocks.
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The first gas discovery in the basin was in 1983, in Razole Well No 1, when ONGC had a small office in Rajahmundry and Narsapur. Since that discovery Reliance and others have joined the exploration effort. 14 trillion cubic feet (0.4 trillion cubic metre) of gas by Reliance Industries in KG-DWN-98/l (KG-D6) in 2006.