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$ 3 billion in E&P orders in next few months-I: KG-DWN-98/2 development shows early signs of delay
Jun 14: The latest data seems to indicate that ONGC's $ 5 billion KG-DWN-98/2 development plan is running behind schedule
8ONGC had envisaged the following schedule for development of this project:
-- First Gas : June, 2019
-- First Oil : March, 2020
8An international agency has already estimated that the project is delayed at least up to early 2021
8This website's independent assessment is that if ONGC cannot hurry up the ordering process, more time will elapse and given the treacherous geology and bad weather, completion can get delayed by more than a year and half
8But a March 2020 completion is now unlikely according to this website which closely monitors the KG-DWN-98/1 activity.
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