The Oil and Natural Gas Corporation (ONGC) on 25 May 2014 started drilling its first-ever well in the Palar basin at Chinnapuliyur village about 55 kilometers from Chennai.
Till now, ONGC has explored six out of seven sedimentary basins in India and Palar Basin is the seventh. The Palar basin covers an area of 1800 square kilometer and lies between Krishna-Godavari and Cauvery basins.
The block in the Palar Basin called PR-ONN-2005/1, where Chinnapuliyur is located, is a joint venture with the ONGC and Tata Petrodyne Limited (TPL). Twenty per cent stake in the block belonged to the TPL
The plan to drill the Palar basin was made following the results of seismic surveys that highlighted chances of significant columns of hydrocarbons over there.
At present, ONGC production stood at 52 million tonnes of oil and gas a year and is aiming to double its production by 2030
• Director (Exploration) of ONGC - Narendra K. Verma
• Executive Director and Basin Manager, Cauvery, ONGC – BS Josyulu
When: 25 May 2014