ONGC to invest Rs. 26,000-cr. to develop 10 oil & gas clusters

摘要

ONGC is spending Rs. 26,000-crore to develop 10 oil and gas clusters in western and eastern offshore, to increase crude production by up to 4-mtpa by 2013-14. "We are spending Rs. 26,000-crore in developing 10 clusters involving about 34 marginal fields in both western and eastern offshore. Most of them will be completed by 2013-14. By 2013-14, it should add 3.5-mt to 4-mt to our oil production," informed ONGC's Chairman and Managing Director, Mr. Sudhir Vasudeva. Marginal field is any oilfield or well that is nearing end of its commercial life and the production rates of these fields will be low and economically not viable under regular conditions.