ONGC sees delay in production from east coast gas field

Reuters

In Picture: Pedestrians walk past the ONGC office at the Bandra Kurla Complex in Mumbai (fil photo)

Mumbai, February 19

Oil and Natural Gas Corp Ltd fears some delays in meeting production deadline for its huge oil and gas field in the east coast, the company said in its Stock Exchange filing.

However, the State-owned company is trying to adhere to the planned production schedule from June 2019. ONGC expects delay in production as the tendering process got deferred due to introduction of new policies in the oil and gas sector in India.

The company is making all-out efforts to ensure that the project development is expedited, as per the filing.

The estimated capital expenditure for the project is $5.08 billion.

Published on February 19, 2018
TOPICS

Previous Story MRPL skill training programme

Next Story L&T arm bags Rs 1,680-cr orders from Pune Municipal Corp

MORE FROM BUSINESSLINE


 Getting recommendations just for you...
  1. Comments will be moderated by The Hindu Business Line editorial team.
  2. Comments that are abusive, personal, incendiary or irrelevant cannot be published.
  3. Please write complete sentences. Do not type comments in all capital letters, or in all lower case letters, or using abbreviated text. (example: u cannot substitute for you, d is not 'the', n is not 'and').
  4. We may remove hyperlinks within comments.
  5. Please use a genuine email ID and provide your name, to avoid rejection.