Oil and Natural Gas Corporation Ltd press release, Q2 FY27
ONGC awarded two Western Offshore development projects worth about ₹11,800 crore and notified two onshore discoveries.
By ScoutQuest · · 1 min read
- Project award value
- two Western Offshore development projects worth about ₹11,800 crore
- Net profit (consolidated), H1 FY27
- 25,089 (₹ Crore)
- Crude oil production, standalone
- fell year on year to 4.437 MMT
- Release
- Results press release
- Period
- Q2 FY27
_Consolidated · Q2 & H1 FY27_
📊 Net profit (consolidated), H1 FY27: 25,089 (₹ Crore)
📌 The first exploratory well ONGC drilled in the Mahanadi deepwater, MNDWO181HDB-1 in OALP block MN-DWHP-2018/1, has been proved gas-bearing. ONGC also notified two onshore discoveries in Q2 FY27: Amraghat-1, a new prospect discovery, and Vadatal-48, a new pool discovery.
📉 Crude oil production at ONGC standalone fell year on year to 4.437 MMT, which ONGC attributes to reservoir behaviour complexities at KG-98/2 in the Eastern Offshore Basin and monsoon-related delays in PRP-8 and PRP-9. Gas production at ONGC standalone fell to 4.839 (reported earlier) BCM as onshore output was hit by lower customer offtake.
📉 Gas production at ONGC standalone fell to 4.839 (reported earlier) BCM, with onshore output hit by lower customer offtake after disruptions at major consumer facilities.
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More numbers
- Gross revenue (consolidated), Q2 FY271,98,263 (₹ Crore)
- Net profit (consolidated), Q2 FY2718,535 (₹ Crore)
- Net profit attributable to owners (consolidated), Q2 FY2716,744 (₹ Crore)
- Net profit (consolidated), H1 FY2725,089 (₹ Crore)
- Crude oil production, ONGC standalone, Q2 FY274.437 (MMT)
- Gas production, ONGC standalone, Q2 FY274.839 (BCM)
- Interim dividend total payout₹ 10,064 Crore
- Interim dividend per equity share₹8
- Combined capital investment, two Western Offshore projects₹11,800 crore
- Estimated project cost, PRP-X₹4,300 crore
- Revenue from new well gas, H1 FY27 (standalone)₹ 7,050 crore
- Estimated hydrocarbon potential, two Western Offshore projects22 MMTOE
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