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ONGC to invest Rs 2,060 cr in western offshore

Saturday 3rd Dec 2011    145
ONGC to invest Rs 2,060 cr in western offshore
 
New Delhi : State-owned Oil and Natural Gas Corporation (ONGC) today said its board has approved an investment of Rs 2,060 crore in the B-127 oil and gas field in the 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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