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ONGC to develop Western Offshore Block SB#11 on fast-track
March 17, 2005, PressRelease 
 
ONGC is taking up development of Block SB#11, north-west of the giant Vasai (Bassein) gas field. Success of recent exploratory well SB#11 led to determination of in-place oil potential of about 30 Million Barrels (4.3 MMT).
 

ONGC gets National Award for Excellence in Cost Management
March 12, 2005 
 
ONGC has secured the ICWAI National Award for Excellence in Cost Management. An independent jury - constituted by the Institute of Cost and Works Accountants of India (ICWAI) - selected ONGC for the ‘First Award’ under the Public Sector category - 2004.
 

ONGC makes one more significant Gas discovery in Krishna-Godavari Basin
March 04, 2005, PressRelease 
 
ONGC has made a significant gas discovery in its on-going "Sagar Samriddhi" Deepwater Exploration campaign at location VA-1A in Block No. KG-OS-DW-IV in KG Basin.
 

ONGC Videsh wins Oil acreage in Qatar Offshore
March 02, 2005, PressRelease 
 
Close on the heels of Egypt deal, ONGC Videsh Limited (OVL), the overseas arm of ONGC, has won the prospective Najwat Najem Oil acreage, located in the Arabian Gulf in Offshore Qatar. OVL’s bid was chosen from among those by a dozen companies, against the bids invited, in June 2004, by the Government of the State of Qatar for this offshore Oil Structure, which is situated in one of the world’s most prolific petroleum systems.
 

OVL Awarded Exploration Block in Egypt
March 01, 2005, PressRelease 
 
ONGC Videsh Limited (OVL), along with its consortium partner IPR Energy Red Sea Inc (IPR)-a subsidiary of the Texas Independent, IPR has bagged the highly potential North Ramadan-Block No. 6 in Egypt amid a cut-throat competition.
 

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