Oil & Natural Gas Corporation Ltd.
BSE: 500312 | NSE: ONGC
Large Cap | Oil Exploration
238.50
2.10 (0.89%) ONGC discovers 230 million tonnes of oil reserves
Date: 02-07-2019Oil and Natural Gas Corporation (ONGC) has discovered over 230 million tonnes of in-place oil reserves in the last three years. These reserves are spread over 16 assets it currently extracts oil from.
The company produced 21.11 million tonnes of oil in the fiscal year ended March 31 (2018-19). In the last three years, it produced a cumulative of 65.66 million tonnes of oil.
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.