The MoU comes within a month of ONGC selecting bp as a technical service provider for raising output from its flagship Mumbai high oil and gas field.
Q3FY25 saw ONGC reversing the declining production trend, with both oil and gas production seeing an uptick. The management ...
The company — which currently accounts for ... extensive brownfield work to maintain the asset's production profile. ONGC has previously carried out four redevelopment phases at Mumbai High ...
Mumbai High off India’s west coast is ONGC’s largest oil-producing offshore asset, but its maturing fields require extensive brownfield work to maintain its production profile. The company ...
ONGC’s 3QFY25 EBITDA was in line with our ... build in crude prices to average USD70/bbl in FY26/FY27. We value the company at 7x Dec’26E adj. EPS of INR29 and add the value of investments ...