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Provider: Reuters Investment Profile
Provider: Spark Capital Advisors(India) Private Limited

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Oil and Natural Gas Corporation Ltd Partners To Invest INR1.1 Billion In Cambay Block-Business Standard

Tuesday, 23 Jul 2013 07:24am EDT 

Business Standard reported that Oil and Natural Gas Corporation Ltd along with its partners, Tata Petrodyne and Hindustan Oil Exploration Company, will invest over INR1.1 billion in developing the CB-OS/1 block. CB-OS/1 is an offshore block located in Cambay Gulf, of the West Coast of India. The area is an extension of onshore Cambay basin where major oil and gas fields like Gandhar are located.