ONGC has discovered new reserves of oil in Assam, company chairman and managing director Subir Raha said.
"New oil bearing zone has been discovered in Upper Assam. The results are very encouraging and the reserves are promising," Raha said here.
The well Chang Maigaon-14 had flowed oil at the rate of 74 cubic meters per day.
The new find would augment crude oil production in Assam.
India currently produces just over 32 million tons of crude against a demand of 105 million tons annually.
He, however, did not give the reserve estimates saying well testing was continuing.
Separately, ONGC has also struck oil and gas in Godavari shallow offshore block GS-KW in the Bay of Bengal and Broach block in Cambay basin in Gujarat.
Three hydrocarbon bearing objects were traced in the exploratory well GS-KW#2 in Godavari shallow waters. Object-II produced gas at the rate of 55,304 cubic meters per day while Object-III produced oil at 37.8 cubic meters per day and gas at 97,337 cubic meters per day. Object-V produced oil at the rate of 84 cubic meters per day, and gas at the rate of 9821 cubic meters per day.
In the Broach block, exploratory well Degam-1 generated oil at the rate of 32 cubic meters per day.
Raha said more wells will be drilled over the next two years to establish the reserves and bring them to production.