ONGC commits massive investments for ramping up production

The Oil and Natural Gas Corporation (ONGC) is planning to spend around Rs 657.73 billion for ramping up production from 13 field development projects and three enhanced oil recovery/improved oil recovery (EOR/ IOR) projects. As per reports, the ongoing field development and EOR/IOR projects are expected to produce a cumulative 54.6 mt of crude oil and 114 billion cubic metres (bcm) of natural gas in the next three-four years.