ONGC may invest over $500 million in Mumbai High
MUMBAI, March 12 -- State-run Oil and 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....
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