ONGC expects more oil from east coast block.

State-owned explorer Oil and Natural Gas Corp. Ltd. (ONGC) estimates its deepwater block off the east coast holds an additional 25 million tonnes (mt) of oil reserves, which would give a boost to India's efforts towards energy security.

The country's largest hydrocarbon explorer also plans to award a contract for a 15,000 sq. km seismic survey off the west coast, according to company executives aware of the developments.

The contract, valued at around Rs.1,500 crore, will help ONGC in exploration efforts.

LIVEMINT