ONGC to proceed on five development projects costing $1.1 billion

摘要

India's Oil Natural Gas Corp. plans five development projects with a total estimated cost of $1.1 billion. Four are off the west coast and one is in the western state of Gujarat. ONGC's board approved an investment of $617 million for development of the R-Series fields, which lie in 50 m of water. The area is 130 km southwest of Mumbai and 40 km from Heera field.