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Oil and Natural Gas Corporation (ONGC)

Introduction-

Petroleum News
Petroleum News

ONGC a Maharatna is the largest crude oil and natural gas company in India, contributing around 70 per cent to Indian domestic production.

The company ranks 11th among global energy majors (Platts).

It is the only public sector Indian company to feature in Fortune’s ‘Most Admired Energy Companies’ list.

The company also ranks 18th in ‘Oil and Gas operations’ and 183rd overall in Forbes Global 2000.

Acclaimed for its Corporate Governance practices, Transparency International has ranked ONGC 26th among the biggest publicly traded global giants.

It is most valued and largest E&P Company in the world, and one of the highest profit-making and dividend-paying enterprise.

ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services.

Winner of the Best Employer award, this public sector enterprise has a dedicated team of over 33,500 professionals who toil round the clock in challenging locations.

History

1947 – 1960

During pre-independence, the Assam Oil Company in the North-Eastern and Attock Oil company in North-Western part of undivided India were the only oil companies producing oil in the country. The major part of Indian sedimentary basins was deemed to be unfit for development of oil and gas resources.

After independence, the Government realized the importance of oil and gas for rapid industrial development and its strategic role in defence. Consequently, while framing the Industrial Policy Statement of 1948, the development of the hydrocarbon industry in the country was considered to be of utmost necessity.

Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. Assam Oil Company was producing oil at Digboi, Assam (discovered in 1889) and the Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of USA) was engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining offshore remained largely unexplored.

In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up in 1955 under the then Ministry of Natural Resources and Scientific Research. The department was constituted with a nucleus of geoscientists from the Geological survey of India.

A delegation under the leadership of Mr. K D Malviya, the then Minister of Natural Resources, visited several countries to study the oil industry and to facilitate the training of Indian professionals for exploring potential oil and gas reserves. Foreign experts from USA, West Germany, Romania and erstwhile USSR visited India and helped the government with their expertise. Finally, the visiting Soviet experts drew up a detailed plan for geological and geophysical surveys and drilling operations to be carried out in the 2nd Five Year Plan (1956-57 to 1960-61).

In April 1956, the Government of India adopted the Industrial Policy Resolution, which placed mineral oil industry amongst the Schedule ‘A’ industries, the future development of which was to be the sole and exclusive responsibility of the state.

Soon, after the formation of the Oil and Natural Gas Directorate, it became apparent that it would not be possible for the Directorate with limited financial and administrative powers to function efficiently. So in August, 1956, the Directorate was raised to the status of a commission with enhanced powers, although it continued to be under the government. In October 1959, the Commission was converted into a statutory body by an act of Parliament, which enhanced powers of the commission further. The main functions of the Oil and Natural Gas Commission subject to the provisions of the Act, were “to plan, promote, organize and implement programmes for development of Petroleum Resources and the production and sale of petroleum and petroleum products produced by it, and to perform such other functions as the Central Government may, from time to time, assign to it”. The act further outlined the activities and steps to be taken by ONGC in fulfilling its mandate.

1961 – 1990

Since its inception, ONGC has been instrumental in transforming the country’s limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. In the inland areas, ONGC not only found new resources in Assam but also established new oil province in Cambay basin (Gujarat), while adding new petroliferous areas in the Assam-Arakan Fold Belt and East coast basins (both inland and offshore).

ONGC went offshore in early 70’s and discovered a giant oil field in the form of Bombay High, now known as Mumbai High. This discovery, along with subsequent discoveries of huge oil and gas fields in Western offshore changed the oil scenario of the country. Subsequently, over 5 billion tonnes of hydrocarbons, which were present in the country, were discovered. The most important contribution of ONGC, however, is its self-reliance and development of core competence in E&P activities at a globally competitive level.

After 1990

The liberalized economic policy, adopted by the Government of India in July 1991, sought to deregulate and de-license the core sectors (including petroleum sector) with partial disinvestments of government equity in Public Sector Undertakings and other measures. As a consequence thereof, ONGC was re-organized as a limited Company under the Company’s Act, 1956 in February 1994.

After the conversion of business of the erstwhile Oil & Natural Gas Commission to that of Oil & Natural Gas Corporation Limited in 1993, the Government disinvested 2 per cent of its shares through competitive bidding. Subsequently, ONGC expanded its equity by another 2 per cent by offering shares to its employees.

During March 1999, ONGC, Indian Oil Corporation (IOC) – a downstream giant and Gas Authority of India Limited (GAIL) – the only gas marketing company, agreed to have cross holding in each other’s stock. This paved the way for long-term strategic alliances both for the domestic and overseas business opportunities in the energy value chain, amongst themselves. Consequent to this the Government sold off 10 per cent of its share holding in ONGC to IOC and 2.5 per cent to GAIL. With this, the Government holding in ONGC came down to 84.11 per cent.

In the year 2002-03, after taking over MRPL from the A V Birla Group, ONGC diversified into the downstream sector. ONGC has also entered the global field through its subsidiary, ONGC Videsh Ltd. (OVL). ONGC has made major investments in Vietnam, Sakhalin, Columbia, Venezuela, Sudan, etc. and earned its first hydrocarbon overseas revenue from its investment in Vietnam.

Today, Oil and Natural Gas Corporation Ltd. (ONGC) is, the leader in Exploration & Production (E&P) activities in India contributing 72 per cent  to India’s total production of crude oil and 48 per cent of natural gas.

ONGC’s quest for energy goes deeper than setting new benchmarks in deep-water drilling in the Krishna Godavari Basin or finding new frontiers of energy. Global decline in crude prices notwithstanding, we have taken significant investment decisions diligently and aggressively, reversing the production trend in offshore. And now we are venturing into deeper offshore plays in our quest for energy security. It is this journey that has placed us among Fortune “World’s Most Admired Companies” and ranked us 3rd in the E&P industry globally on the Platts Top 250 Rankings 2014.

A bird’s eye-view, where the Company stand-

Exploration

  • Discovered six out of seven producing Basins in India. Located 8.78 billion tonnes of Oil & Oil Equivalent in Indian Basins with over 400 discoveries
  • ONGC is the largest exploration acreage and mining lease holder in India
  • 83% of established reserves (out of 10.9 BT) in the country has been discovered by ONGC.
  • 22 new discoveries – 10 new prospects, 12 new pools in FY’15
  • Reserve Replenishment Ratio (RRR) for the last ten years has been more than One (3P Reserves)

Production

  • ONGC has been able to arrest decline in majority of its matured fields (of vintage 30-50 years) that contribute 72% of the company’s O+OEG production through its majorly successful technology-intensive IOR and EOR.
  • 1184 oil wells and 151 gas wells in offshore and 4735 oil wells and 606 gas wells in onshore as on  April 1, 2015
  • Western Offshore production up by 7.5% (16.20 MMT in FY’15 against 15.54 MMT in FY’14)
  • Produces 1.2 million barrels of oil equivalent per day
  • ONGC accounts 69% of Crude oil & 70% of Natural Gas production
  • Produced 1,743 Million Metric Tonnes of Oil Equivalent so far
  • Arrested decline in 14 major fields producing for over 30 years, vis-a-vis global decline rate of 7% from matured fields

Growing from Strength to Strength-

2018 Completed acquisition 51.11 per cent stake in Hindustan Petroleum Corporation Limited (HPCL)
2014 Completed acquisition of Videocon Group’s 10 per cent stake in Rovuma Area I Block in Mozambique offshore
2010 Initiated Coal Bed Methane production
2004 Government of India divests 10 per cent stake
2003 Acquisition of Mangalore Refineries Petrochemicals Ltd from Birla Group
1993 Government of India divests 2 per cent stake
1984 GAIL formed out of ONGC
1974 Discovered Mumbai High
1970 Dug its first offshore well
1965 Creation of ONGC Videsh
1963 Oil discovery in Assam
1960 Oil discovery in Gujarat
1958 First oil discovery in Cambay
1955 Inception of ONGC

Vision and Mission

ONGC - Vision & Mission

Vision

To be global leader in integrated energy business through sustainable growth, knowledge excellence and exemplary governance practices.

Mission

World Class

  • Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people.
  • Imbibe high standards of business ethics and organizational values.
  • Abiding commitment to safety, health and environment to enrich quality of community life.
  • Foster a culture of trust, openness and mutual concern to make working a stimulating and challenging experience for our people.
  • Strive for customer delight through quality products and services.

Integrated In Energy Business

  • Focus on domestic and international oil and gas exploration and production business opportunities.
  • Provide value linkages in other sectors of energy business.
  • Create growth opportunities and maximize shareholder value.

Dominant Indian Leadership

  • Retain dominant position in Indian petroleum sector and enhance India’s energy availability.
  • For Queries

     

    Contact Details-

    For Media related queries:
    1. Fax No  011-261 29091

    2. Email id: ongcdelhicc@ongc.co.in

    For ONGC Recruitment-related queries: recruitment@ongc.co.in

    For ONGC CSR-related queries: csr@ongc.co.in

    For ONGC Sports reated queries: ongcsports@ongc.co.in

    Delhi
    • Head Co-ordination, ONGC
    • Deendayal Urja Bhawan, 5A, Nelson Mandela Marg, Vasant Kunj, New Delhi-110070
    • Telephone: 011-26752021, 26122148 (Office), 011-26129091 (Fax)
    Dehradun
    • Frontier Basin
    • Basin Manager
    • ONGC, IDT Campus, Kaulagarh Road, Dehradun-248195
    • Telephone: 0135-2758778 (Office), 0135-2753639 (Fax)
    • GEOPIC
    • Head GEOPIC
    • ONGC, GEOPIC, KDMIPE Campus, Kaulagarh Road, Dehradun
    • Telephone: 0135-2758626 (Office), 0135-22795879 (Fax)
    • Institute of Drilling Technology (IDT)
    • Head IDT
    • ONGC, IDT, Kaulagarh Road, Dehradun PIN-248 195
    • Telephone: 0135-2756109 (Office), Fax No.: 0135 275 8926
    • Keshava Deva Malaviya Institute of Petroleum Exploration (KDMIPE)
    • Head KDMIPE
    • ONGC, KDMIPE, 9 Kaulagarh Road, Dehradun-248 195
    • Telephone: 0135-2753193 (Office)Fax No. : 0135-2755265
    • ONGC Academy
    • Head ONGC Academy
    • ONGC Academy, KDMIPE Campus, Kaulagarh Road, Dehradun-248195
    • Telephone: 0135-2754283 (Office), Fax Number – 0135 -2758832
    Agartala
    • Tripura Asset
    • Asset Manager
    • ONGC, Badarghat Complex, Agartala (Tripura West) – 799014
    • Telephone: 0381-2374300 (Office), Fax No.: 0381-2374288
    Ahmedabad
    • Ahmedabad Asset
    • Asset Manager
    • ONGC, Avani Bhavan, Chandkheda, Ahmedabad-380005
    • Telephone: 079-23266521 (Office), 079-23291289 (Fax)
    • Institute of Reservoir Studies (IRS)
    • Head IRS
    • ONGC, IRS, Chandkheda Ahmedabad-380005
    • Telephone: 079-23291704 (Office)
    Ankleshwar
    • Ankleshwar Asset
    • Asset Manager
    • ONGC, Ankleshwar-393010, Distt: Bharuch, Gujarat
    • Telephone: 02646-237500 (Office), 02646-246926 (Fax)
    Chennai
    • Cauvery Basin
    • Basin Manager
    • ONGC, Thalamuthu Natarajan Bldg. (CMDA Tower-I)
    • No.1, Gandhi Irwin Road, Egmore, Chennai – 600 008
    • Telephone: 044-28542500 – 2510 (Office), 044-28542555 (Fax)
    Goa
    • Institute of Petroleum Safety, Health & Environment Management (IPSHEM)
    • Head IPSHEM
    • ONGC, IPSHEM, P.O. Via Velim, Betul, South Goa 403723
    • Telephone: 0832-2677001 (Office), 0832 –2677029 (Fax)
    Hazira
    • Hazira Plant
    • Plant Manager
    • Hazira Plant, PO ONGC Nagar, Surat-394518
    • Telephone: 0261-2875600 (Office), 0261-2875575 (Fax)
    Jodhpur
    • Rajasthan Forward Base
    • Head Forward Base
    • Rajasthan Forward Base, ONGC, WoB,
    • ONGC, KDM Complex, Mandore Road, Jodhpur-342 026
    • Telephone; 0291-2572396 (Office), 0291-2571027 (Fax)
    Jorhat
    • Jorhat Asset
    • Asset Manager
    • Luit Bhawan, ONGC, Cinnamara Complex,
    • P O : Cinnamara, Dist : Jorhat , Assam, PIN: 785704
    • Telephone: 0376- 2360011 (Office), 0376-2360012 (Fax)
    • Jorhat Basin
    • Basin Manager
    • Luit Bhawan, ONGC, Cinnamara Complex,
    • P O : Cinnamara, Dist : Jorhat , Assam, PIN: 785704
    • Telephone: 0376- 2360011 (Office), 0376-2360012 (Fax)
    Kakinada
    • Kakinada Asset (Eastern Offshore Asset)
    • Asset Manager
    • ONGC, EOA, II Floor-South Block, Subhadra Arcade, Bhanugudi
    • Junction, Kakinada 533 003
    • Telephone: 0884-2374100 (Office), Fax No.: 0884-2374104
    Karaikal
    • Karaikal Asset
    • Asset Manager
    • ONGC, Neravy Office Complex, Neravy (PO), Karaikal – 609 604
    • Telephone: 04368-238890 (Office), 04368 -238126 (Fax)
    Kolkata
    • MBA Basin
    • Basin Manager
    • ONGC, 50 Jawahar Lal Nehru Road, Kolkata 700071
    • Telephone: 033- 22822758 (Office), 033- 22821752 (Fax)
    Bokaro
    • Bokaro Asset
    • Asset Manager
    • 1st Floor, HSCL Building
    • Bokaro Steel City Bokaro: 827001.
    • EPABX / DID: 06542- 2442XX (Office), 06542 – 226666 (Fax)
    Bhubaneswar
    • Bhubaneswar
    • Head
    • ONGC, 2nd Floor, Block-1
    • BMC Bhabani Office Complex, Sahid Nagar Bhuwaneswar – 751007
    • Telephone: 0674-2544224 (Office)
    Mehsana
    • Mehsana Asset
    • Asset Manager
    • ONGC, KDM Bhavan, ONGC, Mehsana Asset, Palavasana, Mehsana-384003
    • Telephone: 02762-225430 (Office), 02762-225811 (Fax)
    Mumbai
    • Mumbai High Asset
    • Asset Manager
    • 4th Floor,Q4, ONGC, NBP Green Heights, Plot no. C-69, BKC, Bandra (East), Mumbai – 400051
    • Telephone: 022-26275401 (Office), 022-26533258(Fax)
    • Neelam & Heera Asset
    • Asset Manager
    • 7th Floor,Q4,ONGC, NBP Green Heights, Plot no. C-69, BKC, Bandra (East), Mumbai  – 400051
    • Telephone: 022-26275701 (Office), 022-26531614 (Fax)
    • Bassein & Satellite Asset
    • Asset Manager
    • 7th Floor,Q1,ONGC.NBP Green Heights, Plot no. C-69, BKC, Bandra (East), Mumbai – 400051
    • Telephone: 022-26274701 (Office), 022-26533626 (Fax)
    • Western Offshore Basin
    • Basin Manager
    • ONGC, Priyadarshini Building, Eastern Express Highway, Sion, Mumbai-400022
    • Telephone: 022-24062605 (Office), 022-24045398(Fax)
    Navi Mumbai
    • Institute of Oil & Gas Production Technology (IOGPT)
    • Head IOGPT
    • ONGC Complex, Phase-II, Panvel, Navi Mumbai – 410221
    • Telephone: 022-27486000
    • /6997/6998 (Office), 022-27451690 (Fax)
    • Institute of Engineering & Ocean Technology (IEOT)
    • Head IEOT
    • ONGC Complex, Phase-II, Panvel, Navi Mumbai – 410221
    • Telephone: 022-27451893 (Office), 022-27486350 (Fax)
    Nazira
    • Assam Asset
    • Asset Manager
    • ONGC, Nazira, District-Sivasagar, Pin-785685, Assam
    • Telephone: 03772-252300 (Office), 03772-252243 (Fax)
    Rajahmundry
    • Rajahmundry Asset
    • Asset Manager
    • ONGC, Godavari Bhavan, Base Complex, Rajahmundry-533 106, East Godavari District (A.P.)
    • Telephone: 0883-2424348 (Office), 0883-2434386 (Fax)
    • Krishna Godavari – Pranahita Godavari Basin
    • Basin Manager
    • ONGC, Godavari Bhavan, Base Complex, Rajahmundry-533 106, East Godavari District (A.P.)
    • Telephone: 0883-2494100 (Office), 0883-2440670 (Fax)
    Silchar
    • Cachar Forward Base
    • Head Forward Base
    • ONGC, Srikona, Silchar-788026, Dist. Cachar, Assam,
    • Telephone: 03842-229022 (Office), Fax No.: 03842-268951
    Uran
    • Uran Plant
    • Plant Manager
    • ONGC, Dronagiri Bhavan, Uran, Distt Raigad 400702
    • Telephone: 022-27222802 (Office), 022-27222811 (Fax)
    Vadodara
    • Western Onshore Basin
    • Basin Manage
    • ONGC, Makarpura Road, Vadodara – 390009
    • Telephone: 0265-2638864 (Office), 0265-260-5400 (Board No.), 0265-2641260 (Fax)
    • Centre for Excellence in Well Logging Technology (CEWELL)
    • Head CEWELL
    • ONGC, Makarpura Road, Vadodara – 390009
    • Telephone: 0265-2631497 (Office), 0265-2643873 (Fax)

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