Oil and Natural Gas Corporation (ONGC) plans to use undersea infrastructure of Gujarat firm GSPC to produce gas from its own KG-basin fields in the Bay of Bengal.
ONGC last year agreed to buy Gujarat State Petroleum Corporation’s (GSPC) 80 per cent interest in the KG-OSN-2001/3 block, which sits next to the state-owned firm’s KG-DWN-98/2 or KG-D5 block.
“We have divided discoveries in KG-D5 into three groups.
Cluster-1 finds can be tied up to GSPC block infrastructure,” a company official said.
ONGC has finalised a USD 5.07 billion plan for developing the Cluster-II finds by 2019-20. First gas production is envisaged by June 2019 and oil will start flowing from March 2020, he said. Read More…
Credit By : India
Latest posts by India (see all)
- Climate Change Costs India More Than Rs 6400 Crores Every Year: Government – August 18, 2017
- Rajdhani Theft Case: 14 Railway Staff Members Suspended After Passengers Raised Suspicion – August 18, 2017
- Indian Railways To Observe ‘Rail Swachhta Pakhwada’ Cleanliness Drive From August 16 To 31 – August 16, 2017