Dinesh Kumar Sarraf, chairman of the $33-billion energy major ONGC, will retire in the next couple of months. In this interview, he talks about his stint at the helm of ONGC. Edited excerpts:
How satisfied are you with your term as the chairman of ONGC that comes to an end in August?
I am very satisfied. A lot of things were done in the last 3 years or so. I kick-started a majority of incomplete and stranded projects. Also, significant discoveries were made during my term. The development plan for cluster 2 of KG block 98/2 at a cost of $5 billion is quite significant. That field alone will produce 27% of ONGC’s gas and 17% of crude oil. Such developments don’t come every year. We have made up our mind to go for the development of cluster 3 in some time. Believe me, this is going to be much bigger. We expedited production and kept the development cost under control. The production of oil and gas were falling each year, and we arrested the fall in oil and gas production. And now, the production is rising. I kick-started more than ₹1 lakh crore of stranded projects during my term. Read More…
Credit By: The Hindu
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