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Ongc: State oil companies see output rebound in fields abroad, ET Auto

Ongc: The oil and gas output has risen to 8.3 million metric tonnes of oil equivalent (mmtoe) in the April-August period from 8.1 mmtoe in the same period last fiscal year. ....

South Sudan , United States , Latin America , State Oil Companies , Ongc Videshs Output , Ongc Videsh , Pec , South Sudan Projects ,

State oil companies see output rebound in fields abroad

The oil and gas output has risen to 8.3 million metric tonnes of oil equivalent (mmtoe) in the April-August period from 8.1 mmtoe in the same period last fiscal year. The annual output had reached a peak of 24.7 mmtoe in 2018-19 following the purchase of stakes in Russia s Vankor field by Indian state-run firms in 2015 and 2016. The output started declining in 2019-20 and had dropped 21% by 2022-23 as fields matured, producer cartel OPEC+ took voluntary production cuts, and geopolitics throttled output in a Russian field last year. ....

South Sudan , United States , Latin America , State Oil Companies , Ongc Videshs Output , Ongc Videsh , South Sudan Projects ,