/ ONGC Rises On Starting $5.07 Billion KG Oil And Gas Project ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 10 April 2018

Oil & Natural Gas Corporation is currently trading at Rs. 178.75, up by 0.35 points or 0.20% from its previous closing of Rs. 178.40 on the BSE.The scrip opened at Rs. 178.40 and has touched a high and low of Rs. 179.25 and Rs. 178.20 respectively. So far 29409 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 212.90 on 25-Jan-2018 and a 52 week low of Rs. 155.30 on 27-Jun-2017.
Last one week high and low of the scrip stood at Rs. 179.90 and Rs. 174.90 respectively. The current market cap of the company is Rs. 229458.25 crore.

The promoters holding in the company stood at 67.72%, while Institutions and Non-Institutions held 18.45% and 13.84% respectively.
Oil and Natural Gas Corp (ONGC) has kick-started its $5.07 billion KG oil and gas project by spudding the first of the 34 wells, targeting first gas by end of 2019. The well KDG-A is one of the 34 wells planned under this mega project. The deepwater well has a target depth of 2346 meters, under a water depth of 518 meters. The well is expected to produce around 5000 barrels of oil per day (bopd) when put to production.
The project will cumulatively produce around 25 million tonnes of oil and 45 billion cubic meters of gas with peak production of 78,000 barrels per day of oil and 15 million standard cubic meters per day.

ONGC is India’s largest government-run corporation and produces about 70% of India’s crude oil and natural gas. The corporation is the biggest public sector commercial organization in India.

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