ONGC Videsh, a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), has received one-year extension from Vietnam's national oil company PetroVietnam to explore a Vietnamese oil block in the contested waters of the South China Sea. This is the fourth extension for ONGC Videsh to explore Block-128, the license for which is now valid till June 15, 2017.
ONGC is India's largest government-run corporation and produces about 70% of India's crude oil and natural gas. The corporation is the biggest public sector commercial organization in India with current market capitalization of about $31 billion.
| Company Name | CMP |
|---|---|
| ONGC | 290.05 |
| Oil India | 476.35 |
| Jindal Drilling&Inds | 534.45 |
| Deep Industries | 481.40 |
| Asian Energy Service | 317.20 |
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