ONGC profits with foreign places arm accomplishing large discovery of oil in onshore nicely

ONGC profits with foreign places arm accomplishing large discovery of oil in onshore nicely

by admin- Monday, January 7th, 2019 04:36:26 PM

Oil & Natural Gas Corporation (ONGC) is presently trading at Rs. 146.95, up by means of 1.30 points or zero.89% from its preceding final of Rs. 145.65 on the BSE.

The scrip opened at Rs. 148.00 and has touched a excessive and coffee of Rs. 148.00 and Rs. 146.40 respectively.

The BSE group ‘A’ stock of face cost Rs. Five has touched a fifty two week excessive of Rs. 212.90 on 25-Jan-2018 and a 52 week low of Rs. 134.Seventy five on 11-Dec-2018.

Last one week excessive and low of the scrip stood at Rs. 150.Ninety five and Rs. 141.70 respectively. The present day marketplace cap of the employer is Rs. 186916.07 crore.

The promoters holding within the employer stood at 67.48%, whilst Institutions and Non-Institutions held 19.12% and thirteen.40% respectively.

Oil and Natural Gas Corporation’s (ONGC) wholly owned subsidiary and distant places arm ONGC Videsh (OVL) has completed a significant discovery of oil in its onshore block CPO-five, Colombia, in Llanos Basin. OVL holds 70% stake inside the block along with its Partner Petrodorado South America S.A. Sucursal (PDSA), Colombia (30%).

OVL had in advance found industrial oil of 40 API in LS-three sands in the properly Mariposa-1 in 2017, that’s located 6.Five km from Indico-1, and the continuation of identical play is showed within the recent nicely. The Company now plans to drill greater exploratory wells to chase this essential Cretaceous elastic corridor in on the spot future. OVL gets on obtaining extra 3D Seismic facts to map greater drillable possibilities within the other sectors of the block.

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