ONGC plans to invest about $200 million to revive Venezuela’s San Cristobal oilfield and ultimately restore production to as much as 50,000 barrels per day.

ONGC Videsh will invest $200 million to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operations and investments. This investment…

ONGC plans to invest about $200 million to revive Venezuela’s San Cristobal oilfield and ultimately restore production to as much as 50,000 barrels per day.