KG 98/2 oil production decline
Oil production from KG 98/2 fell to 28,000 bpd from 30,000 bpd, and recovery depends on well interventions with uncertain timing.
ONGC / Q2-FY26 / risks
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Ongc · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Production guidance miss for FY26
Management acknowledged that FY26 oil and gas production will be below initial guidance due to delays in KG 98/2 ramp-up.
Mozambique project cost escalation
Total project cost for Mozambique LNG may rise above $16-17 billion, requiring additional approvals and partner contributions.
Crude oil price volatility
Standalone PAT declined 17.8% YoY due to lower crude realizations; further price drops could pressure earnings.