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Oil and Natural Gas Corporation aims to hike its upstream capital expenditure by 10 percent next year and intensify its exploration activities.
Sahshi Shanker, director of technology and field services at ONGC said, that ” we want to intensify our exploration activities.”
He further said at the annual Platts Top 250 Global Energy Company Ranking that “We are securing more and more rigs.”
According to him, ONGC is increasing its 2016 capital expenditure to about Rs 36,000 crores, that is up by 10 percent from the present Rs 33,000 crore.
