Our E&P special-IV: Why has ONGC's breakeven gone above the global average?
Apr 26: The crude price needed to achieve cash flow neutrality has fallen for all major global companies by as much as 40% since the crisis begun. 8Interestingly, the price needed to achieve cash flow neutrality has fallen from US$91/bbl to US$54/bbl across the E&P chain. 8There are therefore signs that the investment cycle is turning. 8Interestingly, latest data shows that the ONGC cost curve is likely to be higher than the average global breakeven price expected between 2017 and 2019 8This seems to be at variance with the general thinking that ONGC has low cost of production from its nomination blocks. 8Find out why that is so for ONGC Click on Reports for more