Power Today |
 
Advertise Here [728 W x 90 H pixels]
News Brief | October 2015

ONGC identifies 6 projects to propel its next phase of growth

India´s biggest oil and gas explorer, Oil and Natural Gas Corporation, has identified six major field development projects with an investment of Rs 241,881 million (~Rs 24,000 crore), over and above its flagship development project in the Krishna-Godavari (KG) basin to power the next phase of its growth.

According to the annual report, of the six projects earmarked for incremental oil and gas production, four are in the western offshore region.

These projects, are expected to help the state-owned company maintain its growth rate in the production of oil and natural gas, and contribute almost 14 per cent of its domestic crude oil and 15 per cent of its domestic gas output in the coming years, the company said in its annual report sent to shareholders.

ONGC has in the past financial year, reversed its downward trend in crude oil for the first time by posting a marginal jump in production, raising hopes that the years of subdued production are over and the company will be more prominent role in reducing the sector´s import bill.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image

 

Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550


Advertise Here [728 W x 90 H pixels]