Q1-FY27 · Anupam
This quarter also witnessed the highest ever standalone quarterly before tax of ₹22,848 crore.
Oil and Natural · tone and specificity signals across the available quarters.
Language signals
This quarter also witnessed the highest ever standalone quarterly before tax of ₹22,848 crore.
We are expecting 4 gas [wells] and it will be in the 6 to 7 million [Mmscmd]. Somewhere you can say that Q4 of 2728 we will be reaching this.
It is not going to be some surprise incremental cost which will be funded by government or ONGC—it will be what will be the total cost, part of that will be borne by the company, part of that will be borne by the government. So it is basically to take a part of the risk of exploration from the oil explorer.
Venezuela is the place where largest oil and gas reserves are found. It is the number one in terms of reserves not the Saudi area. So it is a focus area for ONGC.
We are expecting that the production is likely to shift a little bit quarter into that next year... we are expecting again the 21 what we had given we should be approaching 20 million metric tons for crude oil
We have already invested for the acquisition of RE assets worth Rs 5,000 crore and we are in the process of awarding a job again for an amount of 5,000 crore for building our own asset. Beyond that we are looking for both organic and inorganic ways and we have planned for about 10 GW by 2030.
Under TSP we are likely to see green shoots from January onwards... what has been committed by BP is that over a 10-year period we should increase our oil and gas production from MH field by about 60%
We expect that the gas flow from these wells should start from the next quarter which is from April to June onwards and the gas would be ramped up coming towards the end of financial year 27.
The decline has been arrested. There has been an addition to that but figures we'll give you at the end of the year.
We are targeting that we should be reducing our costs by around 1,000 crores by the various measures that we have undertaken.
We produce today and sell more gas than oil. Gas is now little more than oil... India is the highest paying market in any onshore thing for new wells.
We almost turned it around [OPAL] because last year if we had some small issue otherwise our target was 1,500 crore but we achieved 126 crore... internal target is 1,500 to 2,000 crore.
We should call ourselves gas and oil company not oil and gas company.