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 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 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.

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.

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.

We are expecting that we should have a reduction of about INR 5,000 crore in OpEx.

Under TSP, we are likely to see green shoots from coming January onwards.

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.

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.

We do expect that something tangible should start coming up from the fourth quarter of this year, from January 2026 onwards.

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.