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.
high · analyst_question
Oil & Natural Gas Corporation — Q2 FY26
ONGC's consolidated PAT rose 28.19% YoY to INR 12,615 crore in Q2 FY26, driven by strong subsidiary performance from HPCL and MRPL.
neutral
medium
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Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
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.
medium · management_commentaryMozambique project cost escalation
Total project cost for Mozambique LNG may rise above $16-17 billion, requiring additional approvals and partner contributions.
medium · analyst_questionCrude oil price volatility
Standalone PAT declined 17.8% YoY due to lower crude realizations; further price drops could pressure earnings.
high · data_observation