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ONGC awards contract to Baker Hughes, McDermott, LTHE

04 Oct 2018 Evaluate

Oil and Natural Gas Corporation (ONGC) has awarded a contract for development of its mega KG-D5 oil and gas fields to a consortium of Baker Hughes, McDermott International and L&T Hydrocarbon Engineering (LTHE). The contract value is Rs 11,740.86 crore.

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 221.80
Oil India 450.65
Jindal Drilling&Inds 594.65
Deep Industries 792.45
Asian Energy Service 470.70
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