ONGC Videsh, the overseas subsidiary of country’s largest explorer, on Friday said the company has drilled 9.433 million metric tonnes of oil and oil equivalent (MMTOE) in the last financial year 2010-11. This is the highest ever production achieved by OVL.

Financial Chronicle on March 2 reported that OVL was aiming at drilling 8.87-9 MMTOE in 2010-11. Till January 2011, it had drilled 7.87 MMTOE.

“OVL has registered a production of 9.433 MMTOE in 2010-11, surpassing the earlier peak production of 8.870 MMTOE of oil and oil equivalent gas in 2009-10. This records highest ever oil and gas production from the overseas assets of OVL so far and sets a milestone in its journey for the quest for oil and gas acreages abroad including acquisition of fields, exploration, development, production, transportation of oil and gas,” the explorer said in a media statement on Friday.

Currently, OVL has oil and gas production from none projects. These include, Russia (Sakhalin-I and Imperial), Syria (Al-Furat Project), Vietnam (Block 06.1), Colombia (Mansarovar Energy Project), Sudan (Greater Nile Oil Project and Block 5A), Venezuela (San Cristobal Project) and Brazil (BC-10).