Consolidate Global Operations
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.