ONGC Videsh Achieves Its Highest Overseas O&G Production
ONGC Videsh Limited (OVL), the wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC), has registered a production of 8.870 MMTOE in 2009-10, surpassing the earlier peak production of 8.802 Million Tonnes (MMT) of oil and oil equivalent gas (MMTOE) in 2007-08. This marks the company's highest ever oil & gas production from the overseas assets of OVL so far and sets a milestone in its quest for oil and gas acreage abroad, including the acquisition of oil and gas fields, exploration, development, production, transportation and export of oil and gas.
ONGC Videsh now has the distinction of operating in the harshest environments in the world that are as diverse as deep sea production in Brazil to the extremely cold climate of Russia. Currently, ONGC Videsh Limited has oil and gas production from 9 projects, namely, Russia (Sakhalin-I and Imperial), Syria (Al-Furat Project), Vietnam (Block 06.1), Colombia (Mansarovar Energy Project), Sudan (Greater Nile Oil Project and Block 5A), Venezuela (San Cristobal Project) and Brazil (BC-10).
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