With gas prices up, ONGC to develop Tapti Dama field

摘要

Sydney-India's Oil and Natural Gas Corporation has approved a Rupee 31.95 billion ( 688 million) investment in the development of its C-series marginal field in the Tapti Dama block offshore Mumbai, the state-owned company said in a statement released August 8. ONGC said the field, which was discovered in the 1990s, has only recently become viable due to market-determined prices for natural gas.