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ONGC to invest $8.8 billion in KG oil and gas discoveries


  • State-owned Oil and Natural Gas Corp plans to invest over USD 8.8 billion in bringing to production its much-touted KG-basin oil and gas discoveries by 2018-19.
  • ONGC has divided 12 oil and gas finds in the block KG-DWN-98/2 or KG-D5 and gas discovery in an adjacent G-4 block the Bay of Bengal into three clusters to quickly bring them to production.
  • The 7,294.6 sq km deep sea KG-D5 block has been broadly categorized into Northern Discovery Area (NDA – 3,800.6 sq km) and Southern Discovery Area (SDA – 3,494 sq km).
  • The investment will be for drilling 45 development wells, an array of sub-sea pipelines carrying gas to a fixed platform for processing and a pipeline to carry gas form it to an onshore terminal.
  • Oil will be transported to a floating production system (FPSO) that will transfer it to ships for taking to refineries.


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