SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC’s overseas arm receives two-year extension to explore Vietnamese oil block

10 Jul 2017 Evaluate

Oil and Natural Gas Corporation’s (ONGC) overseas arm -- ONGC Videsh (OVL) -- has received two-year extension to explore Vietnamese oil block in the contested waters of the South China Sea. This is the fifth extension for the company to explore Block-128, the licence for which is now valid till June 15, 2019.

OVL first took a two-year extension of the exploration period till June 2014 and then another one year. A third extension was granted on May 28, 2015 and a fourth last year. The company has so far invested $50.88 million in the block.

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.

ONGC Share Price

235.45 0.30 (0.13%)
02-Jul-2026 14:47 View Price Chart
Peers
Company Name CMP
ONGC 235.45
Oil India 421.40
Jindal Drilling&Inds 552.25
Deep Industries 451.50
Asian Energy Service 345.10
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: