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Oil India Strikes Natural Gas in Shallow Offshore Basin

Summary by Oil Price
State explorer Oil India Limited (OIL) has found natural gas in a previously unexplored formation in the shallow Krishna-Godavari Basin, the Indian company said on Friday. OIL has made the discovery at the Godavari-1 appraisal well in the Matsyapuri formation in the Krishna-Godavari Basin off India’s east coast, recording a peak test flow of 200,000 standard cubic meters per day (SCMD). The company, however, did not reveal an estimate of the pot…

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The Hindu Business Line broke the news in Chennai, India on Friday, October 23, 2026.
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