Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

ONGC to Invest 88 Billion Rupees in Mumbai Oil Field, PTI Says

Oct. 17 (Bloomberg) -- 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.

Link to Statement: {NSN LAFN4J3H0JK0 <GO>}

Link to Company News:{ONGC IN <Equity> CN <GO>}

To contact the reporter on this story: Natalie Obiko Pearson in Mumbai at npearson7@bloomberg.net

To contact the editor responsible for this story: Ravil Shirodkar at rshirodkar@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.