ONGC's cluster-3 KG-DWN-98/2 development: Going where few have gone before – 20 Jul 2021

ONGC's EOI for a FEED for its ultra-deepwater Cluster-3 development of the KG-DWN-98/2 block could attract only a handful of bidders.

Not a lot of work has been done in this water depth and no project is under commercial production as yet anywhere in the world

Work has been done in the Gulf of Mexico only and in some parts of the Asia Pacific Region

Find out which companies have shown interest in working with ONGC on this

And the uncertainty level is so high, that no one can dare provide a cost estimate which is more than 50-60% accurate

A few Indian companies may be roped in to provide local content for the work