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ONGC to revive Venezuela oilfield

ONGC Videsh will invest $200 million to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operations and investments. This investment aims to significantly increase current production levels. The ultimate goal is to restore output to its previous peak. ONGC will fund PDVSA's share and recover costs from future production.

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economictimes.indiatimes.com

oilprice.com

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economictimes.indiatimes.comStai leggendo5 g fa

ONGC to revive Venezuela oilfield

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oilprice.com4 g fa

India’s ONGC Targets Tenfold Oil Output Boost in Venezuela | OilPrice.com

ONGC plans to invest about $200 million to revive Venezuela’s San Cristobal oilfield and ultimately restore production to as much as 50,000 barrels per day.

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martedì 25 agosto 2026·economictimes.indiatimes.com
ONGC to revive Venezuela oilfield
ONGC Videsh will invest $200 million to revive Venezuela's San Cristobal oilfield. The company secured a US license for continued operations and investments. This investment…
mercoledì 26 agosto 2026·oilprice.com
India’s ONGC Targets Tenfold Oil Output Boost in Venezuela | OilPrice.com
ONGC plans to invest about $200 million to revive Venezuela’s San Cristobal oilfield and ultimately restore production to as much as 50,000 barrels per day.