May 20, 2020 DGH Approves Investments Worth $4.8 Billion The Directorate General of Hydrocarbons (DGH) has given investment approvals worth nearly $4.8 billion (Rs. 36,000 crore) for upstream oil and gas activities in India. Among the large investment proposals given approval are ‘work-plan budgets’ of projects in the Krishna-Godavari Basin, including projects of ONGC and Reliance Industries Ltd.
Apr 28, 2020 India’s ONGC announces early first gas at offshore site The Oil and Natural Gas Corp (ONGC) has achieved early first gas on the 98/2 Block in the Krishna-Godavari Basin off India’s eastern coast. This involved the tie-back of a single well to the existing Vashishta facility. That well is in the deepest water depth opened by ONCC, at 4,265 feet.
Apr 18, 2017 Cairn to invest Rs 3200 crore in KG basin Cairn India Ltd plans investment to the tune of Rs 3,240 crore in the Ravva Fields in the Krishna-Godavari Basin.