Oil and Natural Gas Corporation (ONGC) has commissioned two projects costing Rs 6000 crore to add 7.5 million tonnes of oil production and 1 billion cubic meters (BCM) of gas output over the life of the Mumbai High fields, as it doubles down efforts to raise productivity from mature and aging fields.
Rs 3,740 crore spend has been made on a state-of-the-art 8-legged water injection-cum-living quarter platform, as part of the Mumbai High South Redevelopment Phase-IV, while Rs 2,292.46 crore have been spent on Cluster-8 marginal field development project at Mumbai High. The project will result in incremental gain of 3.20 million tonnes of oil and 0.571 BCM of gas.
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.
Company Name | CMP |
---|---|
ONGC | 240.90 |
Oil India | 420.65 |
Jindal Drilling&Inds | 741.75 |
Hind Oil Exploration | 192.25 |
Deep Industries | 566.40 |
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