ONGC Videsh Ltd, the unlisted overseas arm of the state-owned company, may produce 9% less oil and gas at fields in
ONGC bought UK-based Imperial Energy Corp. Plc. last year, India’s biggest overseas energy acquisition after being outbid by Chinese rivals in Nigeria, Kazakhstan and Canada. A plan to quadruple output at Imperial’s Siberian fields has been delayed because oil prices in New York have averaged about $49 a barrel below the August level, when the transaction was first announced.
ONGC, supplier of 25% of the country’s crude needs, has been struggling to increase production at three decade-old domestic fields. Output at ONGC’s overseas ventures may increase to 10 million tonnes in two years as fields in
| Company Name | CMP |
|---|---|
| ONGC | 283.35 |
| Oil India | 471.35 |
| Jindal Drilling&Inds | 542.35 |
| Deep Industries | 477.70 |
| Asian Energy Service | 315.25 |
| View more.. | |
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