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ONGC lines up Rs 83,000 crore investment for 25 new oil, gas projects

Cumulative oil and gas gain from around 15 of these projects is expected to be over 180 Million Metric tons of Oil equivalents (MTOE) in their life cycle

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ONGC

3 min read Last Updated : Aug 16 2019 | 2:37 AM IST

State-run Oil and Natural Gas Corporation (ONGC) is investing around Rs 83,000 crore on 25 major projects, Shashi Shanker, Chairman and Managing Director, of the company said on Thursday.

Cumulative oil and gas gain from around 15 of these projects is expected to be over 180 Million Metric tons of Oil equivalents (MTOE) in their life cycle. The national explorer is envisaging a gas output of over 32 Billion Cubic Meters (BCM) by financial year 2024, he said, addressing the employees on 73rd Independence Day celebrations, through a webcast from headquarters Dehradun to over 30,000 employees across 38 work locations

Topics : ONGC ONGC Videsh

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