SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC’s arm acquires 15% stake in Vankor oil field for $1.35 billion

04 Sep 2015 Evaluate

Oil and Natural Gas Corporation’s (ONGC) overseas investment arm -- ONGC Videsh (OVL) -- has acquired a 15% stake in Vankor oil field in East Siberia, Russia’s second-largest oil field from Rosneft for about $1.35 billion. The 15 per cent stake will give OVL about 3.5 million tonnes of oil a year.

Under the terms of the agreement, OVL will get two seats on the Board of Directors of Vankorneft - a Rosneft subsidiary that operates the Vankor field. Rosneft will retain full control of infrastructure of the Vankor cluster.

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.

ONGC Share Price

244.45 -1.00 (-0.41%)
23-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 244.45
Oil India 415.75
Jindal Drilling&Inds 575.10
Deep Industries 481.70
Asian Energy Service 373.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: