ONGC rises with arm receiving extension for Azeri-Chirag-Deepwater project till 2049

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

19 Sep 2017 Evaluate

Oil & Natural Gas Corporation is currently trading at Rs. 166.15, up by 0.75 points or 0.45% from its previous closing of Rs. 165.40 on the BSE.

The scrip opened at Rs. 164.90 and has touched a high and low of Rs. 166.55 and Rs. 163.90 respectively. So far 1742336 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 212.00 on 31-Jan-2017 and a 52 week low of Rs. 155.30 on 27-Jun-2017.

Last one week high and low of the scrip stood at Rs. 167.75 and Rs. 158.30 respectively. The current market cap of the company is Rs. 213288.37 crore.

The promoters holding in the company stood at 68.07%, while Institutions and Non-Institutions held 18.08% and 13.85% respectively.

Oil and Natural Gas Corporation’s (ONGC) overseas arm - ONGC Videsh (OVL) and its consortium partners of the giant Azeri-Chirag-Deepwater portion of Gunashli (ACG) fields in Azerbaijan have entered into an agreement with Azerbaijan Government and its State Oil Company of the Azerbaijan Republic (SOCAR) for extension of the duration of the Production Sharing Agreement (PSA) for AGC oil fields until December 31, 2049. The agreement was signed in Baku on September 14, 2017.

OVL holds a participating interest in ACG oil fields in the Azerbaijan sector of Caspian Sea. The other partners in the consortium are BP, Chevron, INPEX, Statoil, ExxonMobil, TPAO and ITOCHU. The agreement is subject to ratification by Parliament (Milli Majlis) of the Republic of Azerbaijan.

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.

ONGC Share Price

283.95 3.25 (1.16%)

07-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
ONGC	283.95
Oil India	452.90
Jindal Drilling&Inds	533.00
Deep Industries	465.00
Asian Energy Service	295.35
View more..

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