ONGC to invest Rs 2,060 cr in western offshore

The company board at its meet yesterday "approved the integrated development of B-127 cluster along with the Additional Development of B-55 field," the company said in a press statement.

B-127 cluster comprises three marginal fields namely B-127, B-157 and B-59. The cluster is located east of Mumbai High with significant hydrocarbon accumulations in multi-layered reservoirs within Bassein and Panna formations.

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