ONGC seeks BCG's help to tap into 'mini-Bombay High' in K-G basin.

India's national oil company, ONGC, won this 9,800 sq km block that lies in the deep waters of Krishna-Godavari basin in Bay of Bengal, back in 1999. It has since sunk 1.3 billion dollars into it, found oil and gas, but has produced nothing.

Rankled by this show when rival companies are making a splash in the basin, ONGC has roped in international consultants, Boston Consulting Group, to 'handhold' it. And hence, things have begun moving now.


HBL