Oil and Natural Gas Corporation (ONGC) is competing for oil and gas blocks in Mexico’s maiden licensing round. ONGC Videsh (OVL), the overseas arm of the state explorer, was among the international firms which signed up to pre-qualify for Mexico’s inaugural Round-1 bid offering at the end of deadline on March 31.
The company is pitched against the US majors ExxonMobile and Chevron, Anglo-Dutch firm Shell as well as national oil companies and Mexican players for 14 shallow water exploration blocks in the country’s southern region.
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.
Company Name | CMP |
---|---|
ONGC | 236.50 |
Oil India | 593.60 |
Jindal Drilling&Inds | 590.00 |
Hind Oil Exploration | 173.00 |
Deep Industries | 263.90 |
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