Oil and Natural Gas Corporation (ONGC) is planning to invest Rs 10,600 crore in raising production from its western offshore fields. The company’s board has approved third phase of redevelopment of its prime Mumbai High South oil and gas field at a cost of Rs 6,069 crore and integrated development of Mukta, Bassein and Panna formations at an investment of Rs 4,620 crore. The Mumbai High South Redevelopment (Phase-III) will lead to incremental gain of 7.547 million tonnes of crude oil and 3.864 billion cubic meters of gas by 2030.Real Time News & Trading Trends Keep Liking
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