28 October -ONGC is open to partner for exploration acreages under Acreage Licensing Policy

New Delhi- Oil and Natural Gas Corporation Limited (ONGC) the biggest public sector commercial organization in India with a current market capitalization of about USD 60 billion is open to partnerships for exploration acreages under the new Open Acreage Licensing Policy to monetize Oil & Gas assets quickly with the latest technology.

‘One of our deepwater fields shall come onstream next year with peak production of 50,000 bold & 15 mmscmd Gas. We invite companies to collaborate to develop this field’, it said.

‘In an effort to de-carbonize, ONGC is partnering with reputed companies to install 10GW of renewable energy’ Mr. Shashi Shanker, CMD ONGC & Group of Companies said during Roundtable with Hon’ble PM Shri Narendra Modi in India Energy Forum 2020 by CeraWeek.

India Energy Forum 2020 provides a unique platform for the Indian energy sector to engage with global players, develop new insights, and a better way forward in the fast-changing global energy landscape.