ONGC expects additional revenue of up to $10.3 billion from BP’s ...
6 hours ago · ONGC had announced on Wednesday that BP had bagged the contract to operate and enhance production from the former's flagship Mumbai High field which has been witnessing a gradual fall in output for over three decades. ... News; Business; ONGC expects additional revenue of up to $10.3 billion from BP's intervention in Mumbai High field;
Production ramp up, realisations to drive gains for ONGC | Company News ...
1 day ago · In KG-98/2, oil production is at 25,000 barrels per day (bpd) and ONGC looks to ramp it up to 45,000 bpd by end-FY25. KG gas production may reach 10 mmscmd by end-FY25 (current 2 mmscmd). ONGC guided (end-Q2FY25) for 44.9 million tonnes of oil equivalent and 46.2 million tonnes of oil equivalent in FY26 and FY27, respectively.
ONGC shares rally nearly 3%, continue winning streak following …
1 day ago · ONGC Share Price: CLSA highlighted several key factors behind its bullish outlook for ONGC. The brokerage expects multiple volume and realization drivers for the company in 2025. A major contributor to the anticipated production increase is the ramp-up of ONGC's eastern offshore field to its peak production, which is expected to substantially boost the companys domestic oil and gas output.
Oil And Natural Gas Corporation News - The Economic Times
1 day ago · ONGC Share Price: ONGC shares rose 2.3% after reporting a 17% YoY profit rise to Rs 11,984 crore, driven by lower levies, despite a fall in revenue and oil prices.
London-based BP wins ONGC contract to boost Mumbai High …
1 day ago · UK-based global energy major BP on Wednesday won the bid to boost production from state-owned Oil and Natural Gas Corporation’s (ONGC) flagship Mumbai High field, which has been witnessing a steady decline in output. Part of the 116,000 sq km Mumbai Offshore Basin in the Arabian Sea, Mumbai High ...
BP Projects 44% Jump in Oil Output From India's Largest ... - U.S. News
17 hours ago · ONGC named BP as its technical service provider on Wednesday to assist in boosting output from a baseline crude production of 45.47 million metric tons and 70.40 billion cubic metres (BCM) of gas.
BP bags ONGC contract to increase production from India’s …
1 day ago · The field’s current production levels are around 134,000 bpd of crude and 13 bcm of natural gas. The output was expected for further decline substantially over the next 10-15 years, even as ONGC estimates that the field still holds over 600 million barrels of …
ONGC Shares: Sees 42% gains after CLSA upgrades
2 days ago · Shares of Oil and gas corporation Ltd (ONGC) surged 4.99% to ₹266.85 on the BSE at 10.27 AM on Tuesday, after CLSA has significantly boosted its confidence in ONGC, upgrading its rating to High ...
India's ONGC engages BP to boost production in largest oil field
1 day ago · Jan 8 (Reuters) - India's top explorer Oil And Natural Gas Corp (ONGC.NS), opens new tab on Wednesday said energy major BP (BP.L), opens new tab will act as technical service provider to help ...
ONGC Q4 results: Net profit jumps 78% to Rs 11,526 crore, …
May 20, 2024 · Oil and Natural Gas Corporation (ONGC) posted an increase of around 78 percent in consolidated net profit at Rs 11,526.53 crore in the fourth quarter of the financial year 2023-24, compared to Rs...