Home » ONGC takes on East coast gas block by itself

ONGC takes on East coast gas block by itself

ONGC takes on East coast gas block by itself

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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