The Hindu·3 min read·medium
ONGC expects oil plus gas production of 39 MMTOE this fiscal, 40 MMTOE next year
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The Hindu Bureau
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ONGC expects its oil and gas production to reach 39 million metric tonnes this fiscal year, with further growth projected for the following year. The company plans to prioritize deepwater exploration, viewing it as more viable given the current $75 per barrel price environment.
Oil and Natural Gas Corporation (ONGC) expects cumulative oil plus gas production to scale 39 million metric tonnes (MMT) in the ongoing fiscal and 40 MMT in FY 2028, Anupam Agarwal, Director (Finance) at the state-owned explorer told analysts in a post-results call on Tuesday (August 4, 2026).
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