ONGC Completes Mumbai 1st Phase

India?s biggest oil company ONGC has completed the first phase of the 9-well platform project of Mumbai High Asset.

This is a part of the ONGC`s redevelopment plan to boost oil production from the Mumbai High field. The project to be completed in 2 phases was awarded to Larsen and Toubro on February 20, 2004 at a cost of Rs 514.19 crore plus 84.31 million euro (total Rs 1,006.50 crore).

The company is also planning to install 4 well platforms under phase II by February 2006.