Even as it charts a future roadmap with ambitious targets for increased production and a deeper foray into sustainable energy, India’s largest oil and natural gas producer is also eyeing distressed overseas assets to expand its global footprint. While current geopolitical uncertainty presents opportunities for acquisitions, ONGC will decide on overseas expansions based on pricing...
Tag: MMTOE
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Offshore Energy Gets Boost as India Reforms Licensing Policy: Puri Tells Rajya Sabha
The Andaman Basin emerges as a key frontier in India’s energy exploration, with drilling operations by ONGC and OIL targeting depths of up to 5,000 metres in ultra-deepwater regions. India is witnessing a renewed surge in oil and gas exploration, particularly offshore, revealing vast untapped hydrocarbon potential. In a written reply to a starred question...