State-run ONGC has revised its production target for 2012. Sudhir Vasudeva, Chairman and Managing Director of ONGC told NDTV Profit that the company is aiming to produce about 28 million tonne (MT) of oil in 2012 and its outlay for 2012 stands at Rs 31,000 crore. He also spoke in detail about the Urea plant the company is planning to set up in Tripura.