Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation’s (ONGC) wholly owned subsidiary - ONGC Videsh has received an approval from the Government of Mozambique for the Development Plan for Golfinho-Atum natural gas field in the Area 1 block located in the Rovuma Offshore Basin of Mozambique.

The plan outlines the integrated development of the Golfinho-Atum field through an initial two train onshore liquefaction plant with a total processing capacity of 12.88 MMTPA. The approval of the Development Plan is the culmination of several years of progress on technical and commercial aspects of the development. The Golfinho-Atum Project will also supply initial volumes of around 100 million cubic feet of natural gas per day for domestic sales for Mozambique's industrial development which will have significant socio-economic impact.

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.