Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) may reportedly suspend its shale gas exploration plans due to India’s depleting resources and attaining limited success during the programme. The company, which has dug around 22-23 wells, had limited success in the exploration programme.

The shale gas exploration is not conducive in India due to lack of huge water resources. Another issue is that for the exploration, major land acquisition is needed.

Oil and Natural Gas Corporation (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.