ONGC Q3 Review - Continued Production Delay In KG-DWN-98/2: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Oil and Natural Gas Corporation Ltd. reported in-line sales volumes, with realization at $43.2/barrel of oil.Crude oil production has reached last year’s levels, while gas is still marginally lower YoY due to lower offtake by customers on account of Covid-19.For FY21/FY22, the company has guided for oil production at approximately 22.5 million metric tonne/23mmt (flat YoY), while gas production is set to increase to ~23 billion cubic metres/25bcm (up 8% YoY), although lower than earlier estimates.Covid-19 has caused further delay in KG-DWN-98/2, with the peak production target to be achieved over 2023–24..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ONGC Q3 Review - Continued Production Delay In KG-DWN-98/2: Motilal Oswal

ONGC Q3 Review - Continued Production Delay In KG-DWN-98/2: Motilal Oswal

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