Clarification on news item "ONGC gets US licence to resume full Venezuela operations, eyes operatorship"

OIL AND NATURAL GAS CORPORATION LIMITED COMPANY SECRETARIAT ONGC/CS/SE/2026-27 18.08.2026 National Stock Exchange of India Ltd. BSE Limited Listing Department Corporate Relationship Department Exchange Plaza Phiroze Jeejeebhoy Towers Bandra-Kurla Complex, Bandra (E) Dalal Street, Fort Mumbai – 400 051 Mumbai – 400 001 Symbol-ONGC; Series – EQ BSE Security Code Equity: 500312 NCDs: 959881 Sub: Clarification on news item appearing in https://economictimes.indiatimes.com dated 16.08.2026 captioned "ONGC gets US licence to resume full Venezuela operations, eyes operatorship" Madam/ Sir, This has reference to the clarification sought vide email dated 17.08.2026 regarding above mentioned News item, it is clarified as under: SI. No. Queries Reply 1 Whether such negotiations/events were taking ONGC Videsh Limited (OVL) has two assets in Venezuela place? If so, you are advised to provide the said namely (i) San Cristobal and (ii) Carabobo-1. OVL has been information along with the sequence of events in pursuing for license authorisation from OFAC-USA over a chronological order from the start of period of time for Oil & Gas operations in Venezuela. The negotiations/events till date. required go ahead was received from US Govt. in July, 2026. Framework agreements for further course of action in both the assets are under discussion with relevant stakeholders. 2 Whether you/company are aware of any No material movement has been noticed in the share price of information that has not been announced to the the Company. Exchanges which could explain the movement in the trading, if any? Further, you are advised to As the operational or financial impact of the said event on the provide the said information and the reasons for Company cannot be determined at this stage, accordingly, not disclosing the same to the Exchange earlier disclosure has not been submitted to the Stock Exchanges. as required under regulation 30 of the SEBI (LODR) Regulations, 2015. 3 The material impact of this article on the No material operational or financial impact can be quantified Company. at this stage This is for your information and record, please. Thanking You, Yours Sincerely, for Oil and Natural Gas Corporation Ltd. (Shashi Bhushan Singh) Company Secretary & Compliance Officer Regd. Office: Plot No 5A-5B, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070 Phone: 011-2675 4073, 011-2675 4085 EPABX: 2675 0111, 2629000 CIN: L74899DL1993GOI054155 Website: www.ongcindia.com Email: secretariat@ongc.co.in