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ONGC investment News

Oil and Natural Gas Corporation

30 Sep 2016

ONGC to invest $5.1 billion in 4 yrs in east coast oil gas asset

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.

20 Feb 2016

ONGC board approves Rs 5,050-cr investment in Tripura

The board of state-run ONGC has approved an investment of Rs 5,050 crore in Tripura for drilling of wells and creation of surface facilities to produce 5.1 mmscmd gas from the state's fields.

27 Jul 2015

ONGC to invest $8.8 bn in KG oil and gas finds

ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block the Bay of Bengal into three clusters to quickly bring them to production.

Oil and Natural Gas Corp

02 Apr 2015

ONGC plans to invest Rs 40,000 cr in KG oil, gas finds

ONGC is using cluster approach to bring oil and gas finds.

16 Nov 2014

ONGC to invest Rs 10,600 crore in western offshore fields

The Mumbai High South Redevelopment (Phase-III) "will lead to incremental gain of 7.547 million tonne crude oil and 3.864 billion cubic meter gas by 2030," it said.

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