ONGC Sees Significant Rise In Oil, Gas Output By 2024-25
NDTV
ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries start producing
Reversing the declining trend of the past few years, ONGC said its crude oil production will rise 11 per cent and natural gas output will jump 25 per cent after newer discoveries in the western and eastern offshore start producing.
In an investor presentation post FY22 earnings, Oil and Natural Gas Corporation (ONGC) said crude oil production will rise from 19.545 million tonnes in the financial year ended March 31 (2021-22) to 19.88 million tonnes this year and 21.588 million tonnes in the next year.
The output will climb to 21.701 million tonnes in 2024-25 (FY25).
Similarly, gas production will rise from 20.907 billion cubic meters in 2021-22 to 21.097 bcm in current fiscal and 24.387 bcm in the next. In FY26, the output will reach 26.124 bcm.
