Economy · India
ONGC to invest ₹20,000 crore annually in exploration until FY30
ONGC plans to invest ₹20,000 crore annually in exploration activities until FY30, totaling approximately ₹1 trillion. The company will drill over 350 wells, including both onshore and offshore locations. The exploration will commence with drilling 8 deepwater wells by March 2027, followed by an additional 10 wells by March 2028. This investment aims to boost oil and gas production.
How outlets across the spectrum covered it
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- Centre (4): Business Standard, The Financial Express, The Hindu BusinessLine, The Times of India
- International (1): Reuters