The Core Report BONUS: India's Hunt for Oil with Arun Kumar Singh, ONGC Chairman and CEO
This week, on our Energy Special series as part of the India Energy Week 2025 (Feb 11-14), financial journalist Govindraj Ethiraj talks to Arun Kumar Singh, Chairman and Chief Executive Officer at the Oil and Natural Gas Corporation Limited. They discuss the current state of oil exploration, onshore vs offshore production, their new deal with British Petroleum, petrochemical strategy, renewables and much more. Tune in to get insight's into ONGC's current business strategy.
(00:00) Introduction
(02:08) Oil Exploration in India
(03:39) Onshore vs Deepwater
(07:25) Current Production
(08:42) New deal with British Petroleum
(10:17) Big reservoirs have eluded us (15% Oil is domestic production)
(11:42) ONGC is present in 15 countries
(13:54) ONGC Petrochemical Strategy
(17:05) Renewables
(19:30) The long-term view
(21:07) Management Focus on Exploration and Production (E&P)
(24:39) Increasing Recovery percentage
(25:53) Shale Gas
(28:08) Do governments only have the capacity for E&P
(29:41) Research and Development
(33:00) What are the opportunities in working for ONGC?
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