Published On:September 1 2014
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ONGC board approves Rs. 5219 crore investment in Daman gas fields.
State-owned Oil and Natural Gas Corp (ONGC) said it will invest Rs. 5,219 crore in bringing to production Daman gas fields in the Arabian sea by July 2016.
The board of ONGC at its meeting approved 'investing Rs. 5,219 crore towards Daman Development project to enhance production of natural gas and condensate in its Tapti Daman Block in Arabian Sea,' the company said in a statement.