/ ONGC plans to invest more than $500 million in Mumbai High Field

Livemint : Mar 12, 2019, 11:21 AM

Natural Gas Corp. (ONGC) plans to invest more than $500 million in its flagship asset, Mumbai High, to boost hydrocarbon production, two people aware of the development said. ONGC will employ enhanced oil recovery (EOR) methods to improve oil recovery from the offshore field and has completed a pilot programme. Mumbai High is ONGC’s vintage asset and the company is focused on maximizing recovery from the ageing field