Oil India discovers natural gas in unexplored Krishna-Godavari formation

Oil India Limited (OIL) has discovered natural gas in the previously unexplored Matsyapuri formation at the Godavari-1 appraisal well in the shallow Krishna-Godavari Basin, recording a peak test flow of 200,000 SCMD. Reserve estimates remain undisclosed, and testing of additional zones is ongoing. The find could bolster India's domestic gas output and reduce import dependence, though commercial viability is unconfirmed.

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