Oil and Natural Gas Corporation (ONGC) is planning to double gas production to over 100 million standard cubic meters per day in the next 5-6 years. The company has approved 17 projects with a combined capex of Rs 76,000 crore in the last three years.
Despite tumbling oil prices in the last three years, it not only sustained production from existing fields through incremental inputs but has also taken large meaningful and calculated investment decisions to ensure sustained volumes and financial growth.
Oil and Natural Gas Corporation (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.
