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ONGC wins 8 oil & gas exploration blocks

03 Jul 2019 Evaluate

Oil and Natural Gas Corporation (ONGC) has won 8 oil & gas exploration blocks offered in latest auction. According to the Directorate General of Hydrocarbons (DGH), the company has won 1 block on offer in Open Acreage Licensing Policy (OALP)-II, while in OALP-III, the company got 7 blocks.

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 224.00
Oil India 445.20
Jindal Drilling&Inds 589.75
Deep Industries 751.15
Asian Energy Service 464.15
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