Oil & Natural Gas Corporation Limited (ONGC) — Announcement
📢 Key Event
ONGC selects BP as Technical Services Provider for Western Offshore fields
🔮 What's Next
Full scale visibility expected from FY'30
💡 Investor Takeaway
This partnership aims to increase ONGC's production and secure long-term energy supply for India.
ONGC announced the selection of BP Exploration Services India as its Technical Services Provider to boost production from Western Offshore fields, targeting a 10.8% rise in crude oil and 31.5% in gas output over ten years, with full impact expected by FY30, leveraging global expertise to sustain India's energy supply.
About Oil & Natural Gas Corporation Limited (ONGC)
Oil Gas & Consumable Fuels · Oil · Listed on NSE
Market Cap: ₹3,76,590.66 Cr
P/E: 9.9
ROE: 11.0%
ROCE: 14.1%
Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.