Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) has reported 4.7% fall in its total Crude Oil Production at 12.294 MMT in H1FY19 from 12.894 MMT in H1FY18.

ONGC gas production has seen an increasing trend on year on year basis. The gas production has increased by about 3% in H1FY19 compared to H1FY18. The gas production is expected to increase further with the completion of Daman Development Project in Western Offshore and further increase from VA-S1 field in Eastern Offshore. VAP Production has also recorded an increase of about 7% from 1.7 MMT in H1FY18 to 1.8 MMT in H1FY19.

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.