OIL Discovers Natural Gas in Krishna-Godavari Basin

• 23 Oct 2026

On October 23, 2026, the Maharatna Public Sector Undertaking Oil India Limited (OIL) announced the discovery of natural gas in the Godavari-1 well of the Krishna-Godavari Basin.

Key Facts

• Discovery Location: Natural gas was discovered at a depth of 2,024 to 2,027 meters in the shallow offshore block KG-DSF/GSKW/2018 in the Krishna-Godavari Basin located in the Bay of Bengal.
• Operating Company: Oil India Limited (OIL) is the sole operator of this block. A 100% participating interest is recorded in the official company records.
• The discovery was made in the Matsyapuri structure through the Godavari-1 appraisal well, the relevant area of which had not been evaluated previously.
• Production Testing: Testing, which began on October 16, 2026, recorded a natural gas flow rate of approximately 100,000 standard cubic meters per day.
• Condensate Recovery: Along with the gas, approximately 170 barrels per day of light liquid hydrocarbon (condensate) with an API gravity value of 55.8 was also recovered.
• Oil India's Entry into KG Basin: The company commenced exploration in this basin in 2006 and acquired an additional block under the DSF-II round in 2019.