For Daman Development Project and C-26 cluser Development Project
Oil & Natural Gas Corpn (ONGC) announced that Government of India has decided to handover certain identified facilities of Tapti field in Western Offshore of India to the Company as Government Nominee in line with the Production Sharing Contract provisions. The PMT JV members have accordingly signed the Tapti Asset Transfer Agreement on 12 April 2016 with ONGC.ONGC will use these facilities in its adjacent Daman Development and C-26 cluster Development Projects undertaken to enhance production of natural gas and condensate from its Daman Block in Arabian Sea. ONGC has committed an investment of over Rs 8600 crore towards these projects.
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