ONGC Projects and Financial Performance
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ONGC Videsh: FY'22 Highlights
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ONGC VIDESH
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CPO-5 Block (Colombia): Total of 11 exploratory wells drilled, with 5 wells commercially producing
hydrocarbons. CPO-5 block ended the year with a production of 21,000 bopd, making it a significant
exploratory success for ONGC Videsh
BM SEAL-4 (Brazil) : Declaration of Commerciality (DOC) has been submitted to Regulator on 30/12/2021.
Currently working with Petrobras (Operator) for formulation of Field Development Plan
Lower Zakum Concession (UAE): To achieve production of 450 KBD by 2025 and 500 KBD by 2028, Gas
handling capacity being augmented by laying a new 34" New Main Gas Line
Overall consolidated external Borrowings reduced by about USD 716.75 million (Rs 5,430 crore)
Fresh borrowings (to refinance existing loans upon maturity and/or to reduce borrowing costs and extend
maturity date) of USD 1,200 million raised during FY'22
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