Business

ONGC to increase capital by 10 %

business

Oil and Natural Gas Corporation (ONGC) is expected to increase its upstream capital expenditure by 10 per cent next year and intensify its exploration activities, taking advantage of the current depressed global energy market.

“We want to intensify our exploration activities,” said Sahshi Shanker, director of technology and field services at ONGC.

“We are securing more and more rigs,” Shanker said at the annual Platts Top 250 Global Energy Company Rankings.

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