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With Rs 21,500 cr investment, ONGC hopes to double KG basin output
Rediff.com

With Rs 21,500 cr investment, ONGC hopes to double KG basin ou...

State-owned ONGC will invest over Rs 21,500 crore to develop India's deepest gas discovery by 2022-23, helping it more than double output from its prime KG basin block. Oil and Natural Gas Corp, which had last year firmed up an investment of Rs 34,012 crore (USD 5.076.37 billion) in bringing to production 10 oil and gas discoveries in its Bay of Bengal block KG-DWN-98/2 (KG-D5), plans to invest another Rs 21,528.10 crore (USD 3.2 billion) in developing the ultra-deepsea UD-1 find. Rediff.com, 1 week ago

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