Oil & Natural Gas Corporation Ltd.
BSE: 500312 | NSE: ONGC
Large Cap | Oil Exploration
238.50
2.10 (0.89%) ONGC’s arm makes new discoveries in Colombia, Brazil
Date: 16-10-2019Oil and Natural Gas Corporation’s (ONGC) wholly-owned subsidiary -- ONGC Videsh has made new discoveries in Colombia and Brazil. ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL4, Brazil in the Sergipe Alagoas Basin.
ONGC Videsh has a significant presence in oil & gas sector of Brazil and Colombia. It holds stakes in seven exploratory blocks.
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.