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15-Apr2019

ONGC registers 1.25% rise in output in FY19

Oil and Natural Gas Corporation (ONGC) has arrested a declining crude oil production trend in its onshore fields and registered a 1.25% rise in output in the fiscal year ended March 2019. ONGC produced 6.141 million tonnes of crude oil from its onshore fields despite majority of them being more than 50 years old and facing a natural decline.

ONGC is India's largest government-run corporation and produces about 70% of India's crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.


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