Oil and Natural Gas Corporation Limited is evaluating whether to set up its proposed greenfield refinery and petrochemical complex independently, through a subsidiary, or in partnership with foreign players, with location, configuration and capacity to be decided after a detailed feasibility report. ONGC has also received approval to develop a 1.75-million-tonne strategic petroleum reserve at Mangaluru as an extension of the existing facility at an estimated cost of around Rs 7,000 crore, with about half reserved for strategic use and approval sought to commercially utilise the remainder.

Oil and Natural Gas Corporation reported a fire at its NQG platform in the Mumbai High field after a gas cooler finger in Process Gas Compressor C ruptured, which personnel from the nearby NQO platform brought under control after more than an hour with no injuries reported and no impact on operations.