MOU
ONGC to invest 5 point 1 USD bn for developing oil finds off Andhra Pradesh coast
VISAKHAPATNAM: State-owned Oil and Natural Gas Corp (ONGC) today signed an MoU with Andhra Pradesh government for investing USD 5.07 billion in developing oil and gas finds off the state's coast by 2019-20.
ONGC will invest USD 5.07 billion in bringing to production 10 oil and gas discoveries in the Bay of Bengal block KG-DWN-98/2 (KG-D5), which sits next to Reliance Industries' flagging KG-D6 fields
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