Immediately after that ONGC Board approved the investment plan for Cluster-II group of discoveries in KG-D5. The 7,294.6 sq km deepsea KG-D5 block has been broadly categorized into Northern Discovery Area (NDA – 3,800.6 sq km) and Southern Discovery Area (SDA – 3,494 sq km).
ONGC's $5.07 billion investment in block KG-DWN-98/2 or KG-D5 to produce oil and gas by 2019-2020 is in line with S&P's capex projections. "We expect ONGC to materially ramp up spending on the KG basin starting in financial year 2018.
Oil and Natural Gas Corporation (ONGC) is an Indian multinational oil and gas company earlier headquartered in Dehradun, Uttarakhand, India.As a Corporation, it's registered office is now at Deendayal Urja Bhavan, Vasant Kunj, New Delhi 110070 India. It is a Public Sector Undertaking (PSU) of the Government of India, under the administrative control of the Ministry of Petroleum and Natural Gas.
ONGC to invest Rs 21,500 crore in India's deepest gas discovery by 2023 ONGC plans to drill nine wells on the discovery that lies in water depths of 2,400-3,200 metres and will produce a peak output of 19 million standard cubic metres per day.
ONGC unveils Rs 34,000-crore plan for KG Basin fields State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs 34,000-crore ($5-billion) investment plan to develop its KG Basin fields delayed for years, which would help boost the company's oil and gas output by a fifth in about four years.
NEW DELHI: State-run Oil and Natural Gas Corporation (ONGC) has unveiled a Rs 34,000-crore ($5-billion) investment plan to develop its KG Basin fields delayed for years, which would help boost the company's oil and gas output by a fifth in about four years. This is the first major investment ...
A resolution for ONGC, which has inched closer to finalising an agreement with Iran on a $4-billion investment plan for the development of the Farzad B offshore gas fields, pruned from an initial planned investment of $11-billion, would depend on the twice-postponed meetings of the Foreign and Defence department heads of India and US, at the so-called "two plus two" bilateral meet sometime ...
Oil and Natural Gas Corporation (ONGC) has said it will unveil an investment of around $5 billion by the end of March to develop a major gas asset in the east, with a view to tapping higher gas prices.
ONGC Board approves investment of Rs. 5,219 crore to enhance Gas production from Daman Development Project in Western Offshore 29 Aug 2014 ONGC Board approves development of five projects with an investment of Rs.7,327 Crore 29 Aug 2014
The plan also included another 44 older fields of ONGC and Oil India that could take on private technological partners under a process managed by the government. ET was the first to report on May 31 last year that the government planned to privatise some of the ONGC and Oil India fields.
ONGC's approach towards sustainable growth is primarily through carbon. Management and low carbon growth. ONGC is inspired by the Prime Minister's National Action plan on climate change. ONGC's working model of achieving sustainable development through carbon management has been a driver of change in many sectors of the Indian Industry.
The ONGC board last month approved the field development plan for fields falling under Cluster II, the first cluster to be developed. The development will involve a capital expenditure of $5.08 billion, ONGC said in a statement on its website. Cluster II will produce its first gas by June 2019, according to the statement.
A 9-Year Case Study of an investment in ONGC & why it is available close to its historically cheapest valuations? February 11, 2013 by ... This can be considered similar to having a regular SIP (Systematic Investment Plan) in mutual funds. ... (OVL) related investments. ONGC has said that it expects most of its future growth to come from OVL ...
Oil and Natural Gas Corporation said it will unveil an investment of around $5 billion by the end of March to develop a major gas asset in the east, with a view to tapping higher gas prices. The asset, which the state-owned company acquired in 2005 under a swap agreement with UK's Cairn Energy Plc
Indian oil and gas company Oil and Natural Gas Corp (ONGC) plans to invest Rs 29,300 crore (US$4.4bn) in fiscal year 2017-2018 (April 2017-March 2018) to develop its offshore oil and gas fields. The company will maintain its investment level to that of 2016-2017, benefiting from a decreasing cost of services to intensify its physical activity.
ONGC is inspired by the Prime Minister's National Action plan on climate change. ONGC's working model of achieving sustainable development through carbon management has been a driver of change in many sectors of the Indian Industry.
ONGC will pay $995.26 million for three discoveries in the KG-OSN-2001/3 block that are under trial production since August 2014. Another $200 million will be paid for six other discoveries for which GSPC has been finalising an investment plan to bring them to production.