#oil-production
Commercial crude oil extraction in Ashoknagar to start in July
Commercial crude oil production at ONGC’s Ashoknagar (Baigachhi) project near Kolkata to start by end of July; basin holds 240M+ barrels, Rs 1,000cr invested.
ONGC inks technical services agreement with BP to boost production at Western Offshore
India cuts royalty burden on oil and gas producers in push for domestic output
India's Centre has lowered royalty rates for crude oil and natural gas production. This move aims to encourage more domestic exploration and production. Deepwater and ultra-deepwater fields will see significant royalty reductions. New policies offer zero ro…