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ONGC on the rise-I: Gas volumes to go up 40%
Jan 03: It is all good for ONGC from here onwards
8Gas volumes from upcoming investments are expected to go up by close to 40% in 4 years
8The highly profitable new petchem capacity (OPAL) will ramp-up to 80% utilisation by March 2018 from current 50%
8Realisation will jump: APM gas price will structurally revive with a lag to oil price rise.
8Moreover, most new fields will attract ~2x APM gas price
8Cost efficiencies will improve: Operating costs will remain low post the 32% fall since CY16, due to lower equipment costs and higher drilling efficiencies.
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