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ONGC to open two new sedimentary basins in MP, WB

06 Sep 2018 Evaluate

Oil and Natural Gas Corporation (ONGC) has made oil and gas discoveries in Madhya Pradesh (MP) and West Bengal (WB) that may potentially open up two new sedimentary basins in the country. The company had previously opened six out of India's seven producing basins for commercial production. It is in the process of adding the eighth by putting Kutch offshore on the oil and gas map of India.

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.

Peers
Company Name CMP
ONGC 221.85
Oil India 450.10
Jindal Drilling&Inds 594.65
Deep Industries 797.00
Asian Energy Service 470.70
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