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ONGC rises as its overseas arm in talks to acquire stake in two Siberian oilfields

12 Mar 2015 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs 312.45, up by 2.10 points or 0.68% from its previous closing of Rs. 310.35 on the BSE.

The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 313.90 and Rs. 311.35 respectively. So far 62336 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 472.00 on 09-Jun-2014 and a 52 week low of Rs. 306.05 on 21-Mar-2014.

Last one week high and low of the scrip stood at Rs. 321.55 and Rs. 309.00 respectively. The current market cap of the company is Rs. 268129.06 crore.

The promoters holding in the company stood at 68.94% while Institutions and Non-Institutions held 17.45% and 13.62% respectively.

ONGC Videsh (OVL), the overseas arm of state-owned Oil and Natural Gas Corporation (ONGC), is in discussion to acquire stake in two Siberian oilfields. Russia’s biggest oil company Rosneft had offered to sell 10 percent stake in the strategic Vankor oilfield in Siberia to OVL.

In September, 2014, Rosneft had sold 10 percent stake in the Vankor cluster fields in northern Siberia to China’s CNPC for about $1 billion. Vankor is the largest field to have been discovered and brought into production in Russia in the last 25 years. As of January 1, 2014, the initial recoverable reserves in the Vankor field are estimated at 500 million tonnes of oil and condensate, and 182 billion cubic meters of gas.

ONGC is an Indian multinational oil and gas company headquartered in Dehradun, India. It is India’s largest oil and gas exploration and production company. It produces around 69% of India's crude oil (equivalent to around 30% of the country's total demand) and around 62% of its natural gas.

ONGC Share Price

286.20 2.50 (0.88%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 286.20
Oil India 473.85
Jindal Drilling&Inds 541.55
Deep Industries 488.30
Asian Energy Service 313.05
View more..

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