ONGC's Abu Dhabi Roadshow: Unlocking Offshore Oil and Gas Collaboration in India
Oil and Natural Gas Corporation (ONGC) is gearing up to host a two-day roadshow on October 16 and 17, 2023 in Abu Dhabi aiming to foster collaborations with global oil and gas firms in India's offshore oil and gas projects.
October 17, 2023. By News Bureau
The roadshow promises to shed light on the myriad business prospects within India's offshore oil and gas infrastructure sector.
ONGC is strategically aligned with the evolving energy landscape and is unwavering in its commitment to its ambitious Energy Strategy 2040. This comprehensive plan outlines ONGC's dedication to doubling its oil and gas production, expanding its refining capacity, venturing into renewable energy, and bolstering its non-oil and gas endeavors.
ONGC is steadfastly concentrating on the early monetisation of discoveries by expediting project execution. Their investments span various domains, including Deepwater exploration, Improved Oil Recovery (IOR), and Enhanced Oil Recovery (EOR) projects, all aimed at optimising production efficiency and unlocking previously untouched reserves.
Over the next three years, ONGC is determined to achieve swift development across multiple offshore fields. Their ambitious agenda includes the establishment of more than 25 offshore facilities, the installation of over 1000 kilometers of subsea pipelines, and the development of critical associated infrastructure, all supported by a substantial investment of USD 11 billion.
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