Oil and Natural Gas Corporation is going to invest Rs 340.12 billion (USD 5.11 billion) for developing cluster 2 of east coast deepwater block, in four years.

The company had said earlier that these fields are expected to reach a net peak production of 77,000 barrels per day (bpd) of crude oil and 16.29 million metric standard cubic metres per day (mmscmd) of gas by 2021/22 fiscal year.

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