ONGC to Invent US$5.2 Billion in Development of Marginal Oil and Gas Fields

摘要

India's Qil and Natural Gas Corporation (ONGC) announced plans to invest US$5,189 billion in the development of marginal oil and gas fields to make up for declining production in mature fields, mydigitalfc.com reported. "We have taken up 10 major projects for development and one project for additional development of [the] D-1 field with [an] estimated development [cost] of US$5,189 billion," ONGC Chairman and Managing Director A K Hazarika told company shareholders.