ONGC Ramps Up Tech Talks and Drilling to Reverse Output Dip

India’s state-owned energy giant ONGC is on the move, working on tech collaborations with big names like Shell and Petronas to breathe new life into its offshore gas fields. The numbers tell a story of challenges and resilience. Gas production took a dip, with 4.912 BCM in Q2FY25 versus 5.018 BCM last year. Looking ahead, ONGC aims to ramp up its acreage acquisition to 2.6 lakh square kilometers, a sharp rise from 2023’s 1.5 lakh. By 2027, the company targets a 20% jump in crude and gas output, eyeing a total of 47 MMtoe, up from the current 39.45 MMtoe.

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