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It contributes around 70% of domestic oil output and controls most of India’s upstream sector. ONGC operates over 300 oil and gas fields both onshore and offshore.

Upstream refers to the exploration and production stages in the oil and gas industry. Upstream is followed by the midstream and downstream segments.

India has launched its largest-ever oil and gas licensing round under OALP-X to boost domestic production and reduce its record-high dependence on crude oil imports.

He has high hopes for India’s hydrocarbon sector, and believes that 30 years from now 60% of the nation’s energy mix will still be made up of crude oil, despite the ongoing energy transition.

Puri said that India is ready to explore opportunities for joint development and production of oil and gas assets for mutual benefit, inviting investments in the country’s energy exploration ...

After 16 years working in India alongside private-sector company Reliance Industries, BP has a new upstream partnership with state-controlled ONGC.

Upstream oil sector to get ... sedimentary basins currently hold about 651.8 million tonnes of crude oil and 1,138.6 billion cubic meters of natural gas. India imports 85% of its crude oil ...

ONGC, Oil India top picks over oil sales, historic valuations. Motilal Oswal expects high oil crude prices ($ 80-100/barrel) to continue for much of CY24 due to resilient demand growth amid ...