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ONGC to scale up natural gas production from KG basin block

16 Feb 2021 Evaluate

Oil and Natural Gas Corporation (ONGC) is going to scale up natural gas production from a KG basin block to 2.5-3 million standard cubic meters per day by May this year and will hit the peak output sometime in 2023-24. ONGC last year started gas production from the $ 5.07 billion KG-DWN-98/2 project in the Krishna Godavari basin, off the east coast 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.

ONGC Share Price

283.95 1.20 (0.42%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
ONGC 283.95
Oil India 470.10
Jindal Drilling&Inds 540.15
Deep Industries 476.90
Asian Energy Service 306.05
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