Company report
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14 Pages

ONGC oil and gas exploration summary

ONGC oil and gas exploration summary

Report summary

ONGC’s vision is to transform itself into a world-class, fully integrated multinational company. The company has struggled in recent years with the challenges of growing a portfolio dominated by mature domestic, legacy assets. International exploration has yet to deliver material commercial discoveries and growth has typically relied on inorganic deals. Its most recent international acquisitions have been giant discoveries in Azerbaijan, Mozambique and Russia. The company also continues to emphasise exploration-led growth and ONGC has its hopes pinned on the emerging Indian deepwater sector, with the focus on the Krishna - Godavari Basin.

What's included?

This report includes 2 file(s)

  • ONGC oil and gas exploration summary PDF - 567.36 KB 14 Pages, 5 Tables, 20 Figures
  • ONGC.xls XLS - 589.50 KB


Affected by supply and demand, the economy of individual countries and technological breakthroughs, oil and gas exploration is an industry in constant motion. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Summary report quantifies the company's exploration volume and value performance over the past 10 years, and reviews its outlook for future success.

Businesses can use this report to get a detailed analysis of this company, what exploration areas they're involved in, what wells to watch and how well placed they are. It will help you understand company performance and shows how the best explorers have achieved their success.

Wood Mackenzie benchmarks exploration results for over 40 companies. Our analysts provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies. We are the established global industry standard for oil and gas exploration performance.

  • Executive summary
  • Strategy
    • Upstream strategy and exploration outlook
    • Evolution of exploration strategy
  • Investment and costs
  • Exploration
    • Well data
  • Reserves and resources
    • Scope of this report
  • Production
  • Valuation
    • Growth of deepwater India
    • Sudan as the value creation driver
    • International exploration has disappointed

In this report there are 25 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • Ten year performance summary
  • Strategy
    • Strategy: Table 1
    • Net active exploration acreage by water depth
    • Net active exploration acreage by country
  • Investment and costs
    • Exploration & appraisal spend and reinvestment
    • Exploration & appraisal spend by water depth
    • Exploration & appraisal spend by basin maturity
    • Discovery costs by water depth
  • Exploration
    • Gross conventional exploration & appraisal by basin and sector
    • Exploration wells drilled and spend per well
    • Exploration: Image 2
  • Reserves and resources
    • Top 40 discoveries (2005 to 2014)
    • Volumes discovered by year
    • Volumes discovered by water depth
    • Volumes discovered by country
    • Volumes discovered by basin
    • Volumes discovered by country - excluding India
    • Volumes discovered by basin - excluding India
  • Production
    • Production: Image 1
  • Valuation
    • Full-cycle economics
    • Full cycle value creation by year
    • Exploration returns by year
    • Costs and development value by reserve category
    • Value creation by water depth
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