Q1-FY25 · Vivek Tongaonkar
Crude production has already commenced from KG 98/2. Hopefully, we would be better placed with oil in Q3 and gas in the quarters thereafter.
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Ongc · tone and specificity signals across the available quarters.
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Q1-FY25 · Vivek Tongaonkar
We are very confident that, yes, we will be able to ramp up the production that we have and achieve what we have mentioned during this year also.
Q1-FY25 · Vivek Tongaonkar
The decline in production from matured fields will be compensated in upcoming quarters with commencement of additional production from upcoming projects.
Q1-FY26 · Vivek Tongaonkar
ONGC successfully reversed the crude oil production decline in Q4 FY 2024 and continues to increase production on a quarter-on-quarter basis for the past four to five quarters.
Q1-FY26 · Vivek Tongaonkar
We do expect that something tangible should start coming up from the fourth quarter of this year, from January 2026 onwards.
Q1-FY26 · Vivek Tongaonkar
We have EBITDA first quarter, it will be EBITDA positive. We are hopeful with the measures that we have taken, and now that the plant is also running more than 90% asset-based, we should end the year with a good profit.
Q2-FY24 · Pomila Jaspal
The company has earned a net profit, that is profit after tax, of INR 10,216 crore during the second quarter of financial year 2024, as against INR 12,826 crore during the second quarter of financial year 2023, a decrease of INR 2,610 crore, that is 20.3%.
Q2-FY24 · Pavan Aggarwal
With respect to KG 98/2, you are very right that the oil production first start from the 98/2 is expected very shortly. The pre-commissioning activities are already ongoing in full swing, and we expect the first oil to be there in this month itself.
Q2-FY24 · Deb Adhikari
In renewables and new energy front, we are working very seriously, keeping our, you know, vision of achieving carbon neutral in scope one and scope two by 2038, and also to create a significant or good amount of renewable energy portfolio by 2030.
Q2-FY25 · Vivek Tongaonkar
We are happy to mention that three oil wells of a field of deepwater block KG-DWN-98/2 have been opened on 30th October 2024, thereby enhancing the total oil production from the KG-DWN-98/2 field to 25,000 plus barrels of oil per day from eight flowing wells.
Q2-FY25 · Vivek Tongaonkar
The new gas is getting higher price. You see, from November 2024, previously it was 4 MMSCMD which was allocated. Currently, it is 4.68 MMSCMD.
Q2-FY25 · Vivek Tongaonkar
We are expecting that this gas production, what we have mentioned, would be around end of this year, financial year 25, and maybe it may spill over to the 25, 26. But it will be there towards the end of this financial year.
Q2-FY26 · Vivek Tongaonkar
We are expecting that we should have a reduction of about INR 5,000 crore in OpEx.
Q2-FY26 · Vivek Tongaonkar
Under TSP, we are likely to see green shoots from coming January onwards.
Q2-FY26 · Vivek Tongaonkar
For KG 98/2, currently, we are having 28,000 barrels of oil per day, and that is what is actually affecting our production estimates for this year.
Q3-FY24 · Pavan Aggarwal
We anticipate that we will be ending this year on similar numbers as we were having in the FY 2023 or slightly better than that.
Q3-FY24 · Pavan Aggarwal
We hope to have an increase by around 15% in the next three years by 2026-2027.
Q3-FY24 · Vinod Hallan
We have been pursuing with the government for reviewing this [SAED]. But currently, it will be difficult for us to say exactly what will happen.
Q3-FY25 · Arun Kumar Singh
If this comes true, and we have no reason to disbelieve that it won't come true because it has come from their offer, it is not our estimation. It is the estimation of a bidder who happens to be one of the international oil company and international oil major.
Q3-FY25 · Arun Kumar Singh
ONGC cannot go down now on production if TSP materializes in a big way. Also we have now KG-DWN-98/2, that is Eastern Offshore, we are producing 35,000. Next month or three months, we'll add another gas production.
Q3-FY25 · Arun Kumar Singh
Whatever we do, we are a single, we are married for life. We are not married for five years. So this is something that we should, that we are here to stay. We have come later, but we are going to stay in renewables.
Q3-FY26 · Vivek Tongaonkar
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 2027, we would expect that this gas quantum should increase to 5-6 MMSCMD.
Q3-FY26 · Vivek Tongaonkar
If you see, in spite of the crude prices going down very substantially, we have been able to report positive figures, both for the third quarter as well as for the nine-month period.
Q3-FY26 · Vivek Tongaonkar
We are targeting that we should be reducing our costs by around INR 1,000 crore by the various measures that we have undertaken now.
Q4-FY24 · Manish Patil
We have posted highest ever standalone net profit of INR 40,526 crore. Highest ever consolidated net profit of INR 57,101 crore, and highest ever total dividend of INR 15,411 crore.
Q4-FY24 · Pavan Agrawal
We hope that we will be ramping our production somewhere in the Q3 because of certain weather, bad weather had already started. So, anticipating clear conditions, we hope that we should be ramping up the production in the KG from Q3 of this year.
Q4-FY24 · Pavan Agrawal
We envisage to increase our production from the current 39.45 MMtoe to something around 47 MMtoe. That's an increase by 20% over the next three years.
Q4-FY25 · Arun Kumar Singh
If you discount these write-offs, then our profit is at the same level.
Q4-FY25 · Arun Kumar Singh
In one year, I do not know how many examples in the world is there where you jump from 0.1, 0.2 GW- 2.5 GW in four months' time.
Q4-FY25 · Arun Kumar Singh
We are very, very confident that we will have our growth story intact.