Petroleum sector projects by Oil and Natural Gas Corporation Limited in
Project Information
6511
Oil and Natural Gas Corporation Limited
State-run ONGC, Oil India Ltd (OIL) and BPCL will in the next four years invest $6 billion in developing a giant gas field off the Mozambique coast and converting the fuel into LNG for export to nations like India, ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), Oil India Ltd and a unit of Bharat Petroleum Corp Ltd (BPCL) together hold 30 per cent interest in Rovuma Area-1.which is estimated to hold recoverable gas reserves of up to 75 trillion cubic feet. compny invested more than $6 billion so far in the Mozambique field and another $6 billion will be invested by 2019 to develop Rovuma Area-1 field
Project Value
INR 600 Crore /-
Conceptual
Multi State
India
Petroleum
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