Krishna Godavari Basin

The first gas discovery in the basin was in 1983, in Razole Well No 1, when ONGC had a small office in Rajahmundry and Narsapur.

[8] Most of the conventional wells drilled and operated have a shorter lifespan than envisaged life and with erratic production.

[11] The Reliance Industries Limited (RIL) was supposed to relinquish 25% of the total area outside the discoveries in 2004 and 2005, as per the Production Sharing Contract (PSC).

[14] The Indian government fixed the natural gas price at producer end (on shore point) as US$5.61 per million British thermal units ($19.1/MWh) on net calorific value (NCV) basis compared to earlier price of $4.2 per million British thermal units ($14/MWh) on gross calorific value basis.

[15] However the enhanced price would be applicable only after compensating the shortfall gas in the previous years for the KG basin fields which are under exploration and production contract by Reliance Industries Ltd.