Oil & Natural Gas Corporation Ltd.

State-owned oil and gas producer, Oil and Natural Gas Corporation (ONGC) is all set to complete it’s over Rs 8,000 crore development of western offshore B-193 cluster fields this year. With the completion, it will add 28,000 barrels oil per day to peak oil production. This project will add 44 million barrels of oil production and 6 billion cubic meter of gas over the life of the field.

ONGC is a premier oil and gas company in India, accounting for 71% of the country’s crude oil production and 54% of its natural gas production in 2011-12. It is also a significant producer of value added products such as liquefied petroleum gas (LPG), superior kerosene oil (SKO), and naphtha. GoI is the majority shareholder in ONGC, with a 69% equity stake as of now.