The state-controlled company is expected to drill more than 24 shallow-water exploration wells this year and continues to operate the largest number of offshore rigs in the region.
ONGC exploration director Ajay Kumar Dwivedi tells Upstream that “there has been no reduction in the company’s exploration activity”, despite the challenges posed by the sustained lower commodity prices.
On the contrary, ONGC plans to take advantage of cheaper drilling costs.
“The
