While ONGC is focusing on 'unlocking the potential' of new hydrocarbon resources, it is also looking at 'enhancing' recovery from mature fields like Mumbai High, which remains a top priority for increasing domestic production.
The chopper was attempting to land at the Sagar Kiran rig, located some 50 nautical miles from the Mumbai coast, officials told PTI.
There is only one reason ONGC is on its knees, and it is government interference in every aspect of the company’s operations.
It is surprising that the barge full of people was allowed to remain in the path of the cyclone when many others sailed away to safety
Sources say the company continues to produce 50,000 barrels per day from the platform. Of the affected, 28 are ONGC employees. The rest are contract workers. Only two out of the six rigs in Mumbai high are currently operational.
This was a second attempt to take away some of the fields of ONGC for giving to private and foreign companies.
Mumbai High, India's biggest oil and gas fields, should be renamed after freedom fighter Veer Savarkar, a leading energy expert and BJP spokesperson has demanded
Speaking to CNBC-TV18, Ex-ONGC head, RS Sharma said the development is a big negative and the government will have to work to revive formulation in order to promote the exploration and production (E&P) sector.
Oil & Natural Gas Corp today said it will invest over Rs 4,051 crore in revamping infrastructure at its key oil and gas fields off the Mumbai coast.