 "ONGC Videsh arm hopes for a turnaround with hike in Russian field output")
Imperial Energy, a subsidiary of ONGC Videsh (OVL), is expected to increase its output from the Snezhnoye oil field in Russia. This has been possible because of an Associated Petroleum Gas utilisation plant commissioned in 2020.
According to officials in the know, completion of this project and the agreement with the Transneft pipeline network for supplying gas are going to boost prospects for Imperial Energy.
The utilisation plant has been built at a cost of $50 million.
“Based on estimates of the wells closed earlier, production is expected to increase by 1,000 barrels of oil equivalent per day (boepd) and drilling of two
