Oil and Natural Gas Corporation Limited (ONGC), the country´s largest oil and gas exploration firm, believes its days of stagnant production are over and that it will sustain a steady rate of growth in production going forward. For fiscal 2015, ONGC produced a total of 22.263 Million Tonnes Per Annum (MTPA) of crude oil, up a mere 0.08 per cent from last year´s 22.243 MTPA, primarily on the back of a
2 MTPA jump in production from its three western offshore fields.
ONGC will see production growth
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