January 9, 2024: India announced its first oil extraction from new discovery in the Krishna Godavari Basin, starting with 4 wells and targeting 45,000 barrels per day by June. This will contribute 7% to both crude oil and gas production.

The news about the oil extraction was announced by the Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri on Monday. He also added, “Production is expected to be 45,000 barrels per day and over 10 million cubic metres of gas per day, contributing towards an energy Aatmanirbhar Bharat”.

Taking to X, the twitter handle of Oil and Natural Gas Corporation Limited (ONGC) has also shared a post on the oil extraction.