ONGC to hire global consultant to study KG block discoveries.

Oil and Natural Gas Corp (ONGC) plans to hire an international consultant to study the feasibility of developing about a dozen discoveries at a Krishna Godavari basin block off the east coast.

State-owned ONGC has made 11 discoveries in the deepsea KG-DWN-98/2 block, located next to Reliance Industries' KG-D6 block and Gujarat State Petroleum Corp's Deendayal gas field.


'We do not have experience of dealing with technological, project management complexities associated with deepwater technologies. A complicated, cost-intensive project like KG-DWN-98/2 cannot be executed without external professional assistance of a very high order,' a company official said.

ET