Oil and Natural Gas Corporation Limited (ONGC) and Oil India Ltd. (OIL), the two national oil companies (NOCs), apart from private and joint-venture (JV) companies like Reliance, Cairn Energy, British Gas, Essar Oil, Videocon, Prize Petroleum (HPC has a 50% stake in Prize Petroleum) etc, are engaged in the exploration and production (E&P) of oil and natural gas in the country. ONGC Videsh Limited (OVL) which is a wholly owned subsidiary company of Oil & Natural Gas Corporation Ltd. and IOC-OIL JV are undertaking overseas projects for exploration and production of hydrocarbons in order to augment the oil security of the country.
Oil and Natural Gas Corporation Limited (ONGC) and Oil India Ltd. (OIL), the two national oil companies (NOCs), apart from private and joint-venture (JV) companies like Reliance, Cairn Energy, British Gas, Essar Oil, Videocon, Prize Petroleum (HPC has a 50% stake in Prize Petroleum) etc, are engaged in the exploration and production (E&P) of oil and natural gas in the country. ONGC Videsh Limited (OVL) which is a wholly owned subsidiary company of Oil & Natural Gas Corporation Ltd. and IOC-OIL JV are undertaking overseas projects for exploration and production of hydrocarbons in order to augment the oil security of the country.
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