Con­sol­i­date Global Op­er­a­tions

The Economic Times - - Economy: Macro, Micro & More -

It makes per­fect sense to step-up ex­plo­ration and pro­duc­tion (E&P) ac­tiv­ity in highly prospec­tive oil and gas fields abroad. But in the process, it would also be log­i­cal to con­sol­i­date over­sees op­er­a­tions for stock-mar­ket list­ing, so as to un­lock share–holder value. The gov­ern­ment needs to ac­tively con­sider list­ing ONGC Videsh. The lat­ter has, for in­stance, sig­nif­i­cant stake in Vankor, Rus­sia’s sec­ond largest oil field; list­ing will also boost over­sight and trans­parency in E&P ac­tiv­ity abroad.

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