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ONGC takes on East coast gas block by itself

Oil & Gas
February 1, 2011February 1, 2011
ONGC takes on East coast gas block by itself
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ONGC has decided to develop the gas-rich exploration block in the Krishna Godavari basin by itself. It was in talks with foreign players to develop the block. ONGC was hoping to finalise a partner by the end of January but it appears that it may have to go solo. The development of the block off the east coast could cost up to $5 billion, as per current estimates.

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