Friday, 13 November 2026 IPO data updated 29 minutes ago

India Hits an Energy Breakthrough! ONGC Discovers Natural Gas Off Odisha Coast

India Hits an Energy Breakthrough! ONGC Discovers Natural Gas Off Odisha Coast

India’s energy exploration efforts have received a boost as ONGC discovered natural gas in a deepwater exploratory well in the Mahanadi Offshore Basin, around 43 km off Odisha’s Konark coast. The discovery was made on September 18, 2026, under the Samudra Manthan exploration campaign. Gas was encountered at a depth of 1,441–1,452 metres, with the well showing encouraging flow and sustained reservoir pressure.

  • Location: Mahanadi Basin, Odisha coast.
  • Well depth: Target depth of 1,623 metres.
  • Next step: Further appraisal to assess recoverable resources and commercial viability.
  • Development potential: Nearby discoveries may be developed using shared infrastructure.

The discovery could support India’s domestic energy supply and reduce dependence on imports. However, its commercial potential is not yet confirmed.

This news is for information only and is not investment advice. Please do your own research before making investment decisions.