Oil and Natural Gas Corp. (ONGC), the Indian energy company, is planning to boost its hydrocarbon production at its flagship asset in Mumbai High.
ONGC, which has completed a pilot programme regarding the deal, aims to employ enhanced oil recovery (EOR) methods to increase oil recovery from the offshore field.
The company will invest more than $500 million to employ EOR methods hence boost production at Mumbai High.
Last week, ONGC awarded an engineering, procurement, construction, installation and commissioning deal to set up a cluster-8 marginal field, part of Mumbai High Asset, to L&T Hydrocarbon Engineering, a unit of Larsen and Toubro Ltd.