Oil & Natural Gas to Spend 88 Billion Rupees on Mumbai Field, PTI Reports
Oil & Natural Gas Corp., India’s biggest energy explorer, plans to invest 88 billion rupees ($2 billion) to maintain production at its Mumbai High oil field, the Press Trust of India reported, citing a company official it didn’t name.
The field is producing 210,000 barrels a day, down from a peak of 400,000 barrels a day, the report said.
To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at firstname.lastname@example.org
To contact the editor responsible for this story: Ravil Shirodkar at email@example.com