ONGC: In 2018, we are hoping for crude prices between $60-70: NK Verma, ONGC Videsh - News Summed Up

ONGC: In 2018, we are hoping for crude prices between $60-70: NK Verma, ONGC Videsh


That is one important criteria and this is a window available to us for capitalising on that. If any deal brings value to our portfolio, we will be looking forward to capitalise on that. We hope to sustain this growth in the coming years through M&A as well as from organic routes. That means the exploration investments are much more riskier and the discovery size also dwindled down from 150 million barrels average to 100 million barrels. We we need to factor all this in.In India on the domestic front also, similar trends are observed.


Source: Economic Times December 27, 2017 08:48 UTC



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