ONGC aims to speed up upstream push
Exploration director says firm is looking at under-explored basins to maximise hunt for oil amid maturing fields, volatile prices and climate pressures
Oil and Natural Gas Corporation (ONGC) is the largest oil and gas company in India, contributing around 71% to domestic hydrocarbons production. Sushma Rawat, ONGC's director of exploration, spoke to Petroleum Economist about India's promising—but challenging—frontier basins and the company’s five-year plan to maximize its deepwater dive. ONGC has plans to increase its exploration acreage under its Future Exploration Strategy. Can you provide more detail on this? Sushma Rawat, ONGC's director of exploration Rawat: The company has set an ambitious target of expanding its exploration acreage portfolio to around 500,000km² by 2025 und
![](/images/white-fade.png)
Also in this section
26 July 2024
Oil majors play it safe amid unfavourable terms in latest oil and gas licensing bid rounds allowing Chinese low-ball moves
25 July 2024
Despite huge efforts by India’s government to accelerate crude production, India’s dependency shows no sign of easing
24 July 2024
Diesel and jet fuel supplies face a timebomb in just four years, and even gasoline may not be immune
23 July 2024
Rosneft’s Arctic megaproject is happening despite sanctions, a lack of foreign investment and OPEC+ restrictions. But it will take a long time for its colossal potential to be realised