India’s state-run ONGC Ltd. is preparing to launch a revised integrated development plan for gas fields in two adjacent offshore blocks in the Bay of Bengal, a project it shelved two years ago.

The plan for the KG-OSN-2004/1 and GS-49-2 blocks involves drilling 11 producer wells in the two concessions and constructing associated offshore and onshore production facilities at Odalarevu. The estimated investment is about US$559.5 million.

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