ONGC gains on making another discovery in its Bay of Bengal block KG-D5

Oil & Natural Gas Corporation Ltd. | Oil Exploration | Oil & Gas | BSE: 500312 | NSE: ONGC

16 Sep 2015 Evaluate

Oil and Natural Gas Corporation is currently trading at Rs. 230.35, up by 1.05 points or 0.46% from its previous closing of Rs. 229.30 on the BSE.

The scrip opened at Rs. 232.50 and has touched a high and low of Rs. 232.50 and Rs. 228.30 respectively. So far 1,33,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 432.00 on 20-Oct-2014 and a 52 week low of Rs. 208.00 on 25-Aug-2015.

Last one week high and low of the scrip stood at Rs. 232.50 and Rs. 223.90 respectively. The current market cap of the company is Rs. 1,97,332.00 crore.

The promoters holding in the company stood at 68.93%, while Institutions and Non-Institutions held 17.65% and 13.41% respectively.

Oil and Natural Gas Corporation (ONGC) has made another discovery in its Bay of Bengal block KG-D5, taking the number of finds in the area to 13. The State-run company has discovered oil and gas in the well F-1 in the northern part of the KG basin block KG-DWN-98/2 or KG-D5, which sits next to the flagging KG-D6 block of Reliance Industries.

The 7,294.60 sq km deepsea KG-D5 block has been broadly categorised into Northern Discovery Area (NDA - 3,800.6 sq km) and Southern Discovery Area (SDA - 3,494 sq km). The latest discovery has been made in NDA.

ONGC is planning to develop the discoveries in three clusters -- 14.5 million standard cubic meters per day of gas for 15 years from Cluster-1 comprising of D&E finds of NDA in KG-D5 block and G-4 find in the neighbouring area.

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

283.85 3.15 (1.12%)

07-May-2026 15:04 View Price Chart

Peers

Company Name	CMP
ONGC	283.85
Oil India	453.55
Jindal Drilling&Inds	533.40
Deep Industries	464.75
Asian Energy Service	295.00
View more..

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