Oil & gas exploration & extraction
Status: Under Implementation
Promoter: Oil & Natural Gas Corporation
Project: Plans to drill 11 wells
Location: Panna oil and gas field in dist. Panna, Madhya Pradesh spread over 430 Sq. Km
Current Status: BG Exploration and Production India, a part of UK-based BG Group and Reliance Industries, hold 30% stake each in the field and the stake of ONGC is 40%. The consortium plans to drill 11 wells in total by the end of 2013. Out of 11 wells, 2 wells have been drilled and drilling is on for another 2 wells. The total 11 wells drilled would result in an output of over 8,500-9,000 barrels of oil/day.