ONGC approves five projects
#Oil and Natural Gas Corp (ONGC) has approved the development of five hydrocarbon projects, costing Rs.7,327 crore. The projects will produce 14.969 million tonnes of oil and 2.972 billion cu metres of natural gas.
The five major projects are:
R-Series Fields, including Revival of R-12 (Ratna) – costing Rs.4,104.63 crore.
Redevelopment of Santhal Field – Rs.1,162.56 crore.
Development of B-147 Field – Rs.546.15 crore.
Development of BSE-11 Block – Rs.511.30 crore.
4th Phase Development NBP Field – Rs. 1,002.67 crore. fii-news.com
