Oil India (OIL) has made a significant stride in its quest for hydrocarbons with the discovery of Natural Gas in the otherwise unapprised “Matsyapuri” formation in the Krishna-Godavari Basin.

The Well Godavari – 1 has been drilled as an Appraisal Well in the Discovered Small Field Block KG DSF/GSKW/2018 in the shallow offshore water of KG Basin, awarded to the Company as a Sole Operator.

Out of the selected pay zones, presence of hydrocarbon was reported in the depth range of 2024 to 2027 meters.

Production testing of the zone started from 16th October 2026 and resulted in flow of Natural Gas to the surface at a flow rate of about 1 Lakh SCUMD with maximum flow rate of 2 Lakh SCUMD achieved on continuous testing with composition of condensate at the rate of about 170 bopd (API @ 60 °F is 55.8) and water with Well Head Pressure of 1815 psi. Presently preparations are on for testing the next higher up zone.