Oil India Discovers Natural Gas in Krishna-Godavari Basin, Records Peak Flow of 2 Lakh Cubic Metres Daily
What Happened
State-owned Oil India announced a natural gas discovery in the Krishna-Godavari Basin on October 23, 2026. Its Godavari-1 well encountered hydrocarbons at depths of 2,024–2,027 metres in the Matsyapuri formation. Testing began on October 16, recording gas flows of approximately 1 lakh standard cubic metres daily, peaking at 2 lakh. Further testing is planned.
Key Takeaways
The discovery adds a new gas-bearing zone to Oil India's exploration portfolio. However, estimated reserves, commercial viability and sustained production capacity remain undetermined, with further well testing still pending.