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ONGC begins exercise to shed excess cost at Panna-Mukta field

01 Jan 2020 Evaluate

Oil and Natural Gas Corporation (ONGC) has begun an exercise to shed excess cost at the Mumbai offshore oil and gas fields of Panna-Mukta whose control it regained after two and half decades and has already saved Rs 1 crore in the shipping cost. ONGC has changed the contract for bringing oil produced from the fields lying in the Arabian Sea to land, resulting in saving of about $5,000 per day.

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

283.25 0.20 (0.07%)
22-Apr-2026 12:51 View Price Chart
Peers
Company Name CMP
ONGC 283.25
Oil India 465.40
Jindal Drilling&Inds 542.00
Deep Industries 477.95
Asian Energy Service 313.00
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