Oil & Natural Gas Corporation Ltd.

Oil and Natural Gas Corporation (ONGC) is reportedly planning to ramp up production from 13 field development projects and three Enhanced Oil Recovery/Improved Oil Recovery (EOR/IOR) projects. In this regard, the company will spend around Rs 65,773 crore.

The ongoing field development and EOR/IOR projects are expected to produce a cumulative 54.6 million tonne (mt) of crude oil and 114 billion cubic meter (bcm) of natural gas in the next 3-4 years.

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.