ONGC pipeline spill to be plugged soon: Secretary | business | Hindustan Times
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ONGC pipeline spill to be plugged soon: Secretary

business Updated: Jan 21, 2011 13:18 IST
Reuters
New Delhi

Oil secretary S Sundareshan said on Friday a leakage in a pipeline of state-run oil explorer Oil and Natural Gas Corp. (ONGC) will be plugged soon.

Earlier, the state-run oil explorer said a leakage had been detected in a pipeline at its off-shore operations about 80 kilometres off Mumbai coast.

A company statement said emergency response had been activated and a loss of 25,000 barrels in production was estimated.

He also reiterated a share sale in ONGC will happen in March, as planned.

ONGC has mandated six banks for its follow-on public offer to raise about $3 billion, IFR reported this month.