ONGC enhancing E&P drastically; also foraying into Green Energy

New Delhi: Driven by PM Sh Narendra Modi’s vision of energy self-sufficiency by 2047, Oil and Natural Gas Corporation Limited (ONGC) is taking steps towards enhancing E&P drastically while also foraying into Green Energy. Union Minister Hardeep Singh Puri reviewed their projects & steps to increase production. 

 

Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel

Read Also : SEBI normalizes intraday monitoring rules amid facing opposition

GoI’s steps towards access to good quality data, improving ease of doing business, providing a friendly contracting regime & increasing acreage by reducing no-go areas are already showing positive results.

Read Also : BHEL seeks recovery of outstanding dues; files lawsuit against Karnataka Power Corporation

About 200,000 sqkm from the over 9.1 lakh sq kms of no-go areas opened up recently has already been tendered. Process to tender another 200,000 sqkm of this area is underway. 

This includes frontier blocks with limited well/data coverage & untested deepwater for exploration.

Read Also : PFC sanctioned Rs. 11,338.53 crore loan to Neyveli Uttar Pradesh Power Limited