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. Click on Reports for more