ONGC arrests fall in oil output from onshore wells, posts higher growth despite vintage fields

State-owned Oil and Natural Gas Corp (ONGC) has arrested a declining crude oil production trend in its onshore fields and registered a 1.25 per cent rise in output in the fiscal year ended March 2019, top company officials said. ONGCNSE 1.09 % produced 6.141 million tonnes of crude oil from its onshore fields despite majority of them being more than 50 years old and facing a natural decline.

The company has been able to make a production turnaround through a slew of initiatives, they said.