26 April 2024
ONGC plans to invest $4 billion to develop 3.4 Tcf KG basin gas find
Publication date: 15 July 2010
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India’s Oil & Natural Gas Corporation is considering spending $4 billion to develop deep-water gas reserves in the KG-DWN-98/visual_editor block offshore eastern India, adjacent to Reliance Industries’ prolific KG D6 fields. The block holds an estimated 3.4 Tcf of gas reserves, of which around 55% is recoverable, the Calcutta Telegraph reported.