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Tag Archives: ONGC

ONGC to invest Rs 30,000 crore in FY18: Report

Oil and Natural Gas Corporation (ONGC) is reportedly planning to invest around Rs 30,000 crore in 2017-18 to develop oil and gas fields, expand refining capacity, and build pipelines. This is slightly higher than the company’s spending of about Rs 28,000 crore in 2016-17. State refiners are spending heavily to ... Read More »

ONGC’s overseas arm strikes oil in Colombia: Report

Oil and Natural Gas Corporation’s (ONGC) overseas arm – ONGC Videsh (OVL) has reportedly found hydrocarbon reserves in its Mariposa-1 well, which is under drilling in CPO-5 block of Colombia. Electric Log analysis indicates the presence of around 120 ft of oil saturated net pay in the Lower Sands Unit ... Read More »

ONGC make 23 oil and gas discoveries in FY17

Oil and Natural Gas Corporation (ONGC) has made 23 oil and gas discoveries in the fiscal year ended March 31, 2017, a 35 per cent jump over 17 finds made in 2015-16 fiscal, as a record number of wells drilled helped it uncover new reserves. Of the 23 new discoveries, ... Read More »