Under its ”Perspective Plan 2030”, Oil And Natural Gas Corporation aims to double its oil and gas production by 2030; with nearly 46 per cent contribution expected to come from overseas assets, Sudhir Vasudeva, Chairman of the firm said earlier. The plan maps the long-term growth model of ONGC as an energy major.
ONGC also has plans to strengthen its downstream linkages in refinery, LNG, petrochemicals and other emerging areas of opportunities. It is also aggressively looking for opportunities in unconventional energy sources and alternate sources of energy including nuclear, he said.
Meanwhile, the firm seeks to engage a contractor for removal of equipments from oil rig "Sagar Pragati" before handing it over for converting it into mobile offshore production unit (MOPU).