ONGC has reduced estimates of peak oil and gas production from its $5-billion KG basin project by 35-40%, despite starting oil production from the deep-water field. The output from the KG-DWN-98/2 block is expected to reach a peak of 45,000 barrels of oil per day and over 10 million metric standard cubic meters per day of natural gas. The project, which was delayed, began gas production in March 2020 and oil in January 2024.