ONGC deepwater plan and Venezuela contract talks outlined
Oil & Natural Gas Corp is funding a ~Rs1 trillion deepwater push through FY2031 to add ~5,600 mt oil—via ~87 wells—while talks to join Venezuela projects continue.
Oil & Natural Gas Corp. Ltd. (NSE:ONGC) is funding a ~Rs1 trillion deepwater push through FY2031 to add ~5,600 mt oil-equivalent reserves and ~87 wells, while it finalizes talks to join Venezuela projects. The stock is described as forming a rounding bottom, with 227 support and a 252 upside target.