How much is ONGC planning to invest in deepwater and ultradeep water exploration, and over what timeframe?

ONGC plans to invest 1 trillion rupees ($10.51 billion) over five years for exploring its local deepwater and ultradeep water fields, as stated by Chairman AK Singh during a news conference on Monday.

What is ONGC's drilling target for deepwater and ultradeep water wells by March 2031?

ONGC will drill 87 deepwater and ultradeep water wells by March 2031, according to Chairman AK Singh's announcement at the news conference.

India's ONGC to invest 1 trillion rupees for deepwater exploration, says chairman

Aug 31, 2026

India's ONGC plans to invest $10.51 billion over five years to drill 87 deepwater wells by 2031, aiming to tap untapped reserves and halt declining oil and gas output.

reuters

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India's ONGC to invest 1 trillion rupees for deepwater exploration, says chairman