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Daman Upside Project

Sector: Natural Gas • Location: Daman, India

Source: Bitget

Project
Delayed

The Daman Upside project is an offshore natural gas development initiative by ONGC aimed at nearly doubling the current offshore gas output to help meet India's growing natural gas demand. The project is critical to ONGC's target of producing 21.5 billion cubic meters of natural gas in the next fiscal year. However, the project is facing significant cost challenges, with the lowest infrastructure

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The project “Daman Upside Project” is an infrastructure initiative in the Natural Gas sector, located in Daman, India. Taiyo aggregates data on it from Bitget.

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Participants

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Status

Original status

delayed

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Email

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Description

Description

The Daman Upside project is an offshore natural gas development initiative by ONGC aimed at nearly doubling the current offshore gas output to help meet India's growing natural gas demand. The project is critical to ONGC's target of producing 21.5 billion cubic meters of natural gas in the next fiscal year. However, the project is facing significant cost challenges, with the lowest infrastructure tender bid exceeding ONGC's budget by 36.77%, leading to tender cancellation and a plan to rebid in smaller packages to attract competitive offers.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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