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ONGC CBM investments in jeopardy-I: Bokaro can barely break even
Jul 04: Cost overrun, delays and an inability to obtain land and Right of Way for pipeline networks have put ONGC's CBM development plans in jeopardy.
8A classical case concerns the company's BK-CBM-2001/1 Block, better known as the Bokaro CBM block.
8The cost of the Field Development Plan has gone up by a whopping 40% from what it was last estimated and approved
8The viability of setting up a CBM operations in the face of the kind of gas prices the block can fetched in the region is now in question.
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