ONGC to invest $5.1 billion in four years in east coast oil gas asset – Feedback

Oil and Natural Gas Corporation will invest 340.12 billion rupees ($5.11 billion) in four years to develop cluster 2 of east coast deepwater block, the company said in a tweet on Friday.

These fields are expected to reach a net peak production of 77,000 barrels per day (bpd) of crude oil and 16.29 million metric standard cubic metres per day (mmscmd) of gas by 2021/22 fiscal year, the company had said earlier.

http://www.newindianexpress.com/business/2016/sep/30/ongc-to-invest-51-billion-in-four-years-in-east-coast-oil-gas-asset-524.html

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