New Delhi: State-owned Oil and Natural Gas Corp (ONGC) said it will invest Rs 5,219 crore in bringing to production Daman gas fields in the Arabian sea by July 2016. The project is located about 90-100 kilometer from Daman coast and includes additional development of C-24 field and monetization of B-12 marginal fields (B-12-11, B-12-13 and B-12-15). Production is expected by July 2016 with peak output of 8.35 million standard cubic meters per day of gas and 9,286 barrels of condensate per day.
ONGC to invest Rs 5219 cr in Daman fields
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