SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ONGC’s overseas arm inks pact with Petro Amazonas Ecuador

25 Apr 2013 Evaluate

In a move to expand its presence in the LatAm region, ONGC’s overseas arm, ONGC Videsh has inked an agreement with Petro Amazonas Ecuador to take up exploration activities in the country. Discussion for oil exploration and operation deal were going on for quite some time as  government of Ecuador sought more investments from the Indian companies in various sectors, including defence, pharmaceuticals, petrochemicals, food processing, oil refineries and IT.

OVL, over last three consecutive years, is witnessing a constant decline in oil and gas production due to geo-political conflicts in Sudan and Syria. Although the production from Sudan has resumed, this year the company is not expecting the output to go up significantly. Nevertheless, with Carabobo and Myanmar coming into production the company is hopeful of meeting its perspective targets. The company is aiming to achieve 20 mt production by 2017-18.

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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×