ONGC Videsh Limited to focus on buying operational assets

The Ukraine war and the Western sanctions disrupted production last year at Russia's Sakhalin 1 field, in which OVL has a 20% stake. Production at Sakhalin 1 has returned to near normal, said Gupta. Sakhalin trouble contributed to OVL's production decline in 2022-23 to 10 mmtoe from 12.2 mmtoe in the previous year.

from Energy-Industry-Economic Times https://ift.tt/ekYXGxP