ParliamentPosted at: May 4 2016 4:33PM ONGC plans Rs 30,000 crore investment to drill gas from KG basinNew Delhi, May 4 (UNI) Oil and Natural Gas Corporation is planning to invest Rs 34,011.68 crore (USD 5,076.37 million ) for the development of Cluster-II area of New Exploration Licensing Policy Block KG-DWN-98/2 in Krishna-Godavari(KG) basin, the Rajya Sabha was informed today.In a written reply, Minister of State (I/C) for Petroleum & Natural Gas Dharmendra Pradhan said the gas and oil production are expected to commence from June, 2019 and March, 2020 respectively from Cluster-II area of NELP Block KG-DWN-98/2 in Krishna-Godavari(KG) basin.The estimated in place volume in Cluster-II area of NELP Block KG-DWN-98/2 in Krishna-Godavari(KG) basin is 141.72 MMTOE (90.06 mmt Oil and 51.66 BCM Gas).Please log in to get detailed story.Tags: #ONGC plans Rs 30#000 crore investment to drill gas from KG basin