ONGC

Type:- PSU
Founded: - 1956
Headquarters: - Tel Bhavan, Dehradun, India
Key people: - Dinesh Kumar Sarraf, Chairman and MD
Industry: - Petroleum and Gas
Employees: - 34,000
Owner:- Government of India
Revenue:- 139,364.35 crore (US$21 billion)
Website: - http://www.ongcindia.com

Oil and Natural Gas Corporation Limited was first set up as a commission on August 14, 1956. The
Company later on became corporate on Feb, 1994. The company now has become into Exploration
and Production Company of the highest quality. It contributes to economy of India about more than
70% of Indias Crude Oil Production and more than 75% of Indias Natural Gas Production.
ONGC Ankleshwar is located in western part of India and its main objectives are production,
exploration, development and distribution of petroleum. Its drilling site is located at different places viz.
Gandhar near Ankleshwar, Hajira near Surat.
The first well was drill by ONGC in 1957 at Jwalamukhi in North West Himalayan foothills. The onshore
Ankleshwar giant field was discovered in 1960. Gas stock at mannera tibba in Rajasthan in 1967.
Ankleshwar Asset located in south Gujarat region in Bharuch District is the largest. It is being spread
through out Contiagal, Kim, Jalod, Rajpardi, Gandhar, Dahej, Nada, Kavi, Dupka, Alamgir oil fields.
The Asset has two main fields: Ankleshwar field and Gandhar field. While Ankleshwar is the old field
and the gandhar is the new one discovered in 1984.

HISTORY OF ONGC
1947 - 1960

Until 1955, private oil companies mainly carried out exploration of hydrocarbon
resources of India. In Assam, the Assam Oil Company was producing oil at Digboi
(discovered in 1989 and the Oil India Ltd (A 50% joint venture between Govt. of
India & Burma Oil Company) was engaged in developing two newly discovered
large fields Naharkatiya & Moran in Assam. In West Bengal, the Indo-Stanvac

Petroleum project (a joint venture between Govt. Of India & Standard Vacuum Oil
Company of USA) was engaged in exploration work.
In 1955, Govt. of India decided to develop the oil and natural gas resources.
In April 1956, the Govt. of India adopted the Industrial Policy Resolution, which
placed mineral oil Industry among the schedule A industries, After the formation
of the Oil & Gas Directorate, it becomes apparent that it would not be possible for
the Directorate with its limited financial & administrative powers as subordinate
office of the Govt., to function efficiently.
In August 1956, the Directorate was raised to the status of a commission with
enhanced powers, although it continued to be under the Govt.
In October 1959, the Commission was converted into a statutory body by an act
of the Indian Parliament, which enhanced powers of the commission further.
1960-1992:
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 & East Coast basins (both inland
& offshore).
ONGC went offshore in early 70s & 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 & gas fields in Western offshore changed the oil scenario of
the country. Subsequently, over 5 million tone of hydrocarbons, which were
present in the country, were discovered.
In July 1991, government of India adopted the liberalized economic policy.
In 1993:
The Govt. disinvested 2% of its shares through competitive bidding.
Subsequently, ONGC expanded its equity by another 2% by offering shares to its
employees.
March 1999:
ONGC, Indian Oil Corp. (IOC) a downstream giant & Gas Authority of India Ltd.
(GAIL) the only gas marketing company, agreed to have cross holding in each
others stock.
This paved the way for long-term strategic alliances both for the domestic &
overseas business opportunities in the energy value chain, amongst themselves.
Consequently, to this the Govt. sold off 10% of its share holding in ONGC to IOC &
2.5% to GAIL. With this, the Govt. holding in ONGC came down to 84.11%.
2002-03:
After taking over MRPL from the AV BIRLA GROUP, ONGC diversified into the
downstream sector, ONGC will soon be entering into the retailing business. ONGC

has also entered the global field through its subsidiary, ONGC Videsh Ltd. (OVL).
ONGC has made major investments in Vietnam, Sakhalin & Sudan & earned its
first hydrocarbons revenue from its investments in Vietnam.
2004:
ONGCS Market Capitalization crosses a Trillion Rupees. 106 redevelopment wells
drilled in Mumbai High-Oil production increases from 218,000 barrels per day to
270000 barrels per day. ONGC achieves near-zero gas flaring. 10%
disinvestment of ONGC highest in India receives unprecedented global investor
response, brings in 20 new FIIs to Indian equity market.
2005:
100% of ONGCS installations & institutions accredited with the highest safety
rating; ONGC becomes the only organization in the world to achieve the
distinction. Oval retail outlet launched in Mangalore ONGC becomes only Indian
company to be present across entire Oil & Gas chain from Drilling to Dispensing.
The former President of India Dr A P J
2006:
10 new finds of Hydrocarbons, shallow gas exploration in Cambay and K.G. Basins.
2007:
ONGC Videsh Limited (OVL), the wholly-owned subsidiary of ONGC engaged in
overseas E&P activities. It acquired 11 E&P projects in 6 countries during the year.
2008:
ONGC signed Memorandum of Understanding with- Institute of Energy Technology,
Norway, Shell.

Financial Highlights FY16

BOARDS OF DIRECTORS
Chairman and Managing Director : Shri D. K. Sarraf
Functional Directors :

Shri
Shri
Shri
Shri
Shri
Shri

Shashi Shanker
Tapas Kumar Sengupta
Desh Deepak Misra
Ajay Kumar Dwivedi
V. P . Mahawar
A.K Shirinivasan

Government Nominee Directors :

Shri A.P Sawhney

Shri Amar Nath

Independent Directors :

Shri Ajai Malhotra

Shri K.M Padmanabhan
Prof. Shireesh B.Kedare

Special Invitee : Shri Narendra Kumar Verma

Directors whose term ceased since last Annual General Meeting :

Shri K. Narasimha Murthy

Shri U. P . Singh
Smt Atreyee Das

Chief Vigilance Officer : Dr Akhilesh Kumar Ambasht

GROWTH

The Companys Evolution can be summarized as under:

1955 Inception

1958 First Oil in Cambay

1960 Oil gas discovery in Gujarat

1963 Oil in Assam

1965 Concept of ONGC Videsh Operations

1970 first Offshore well

1974 Mumbai High discovered

1976 Bassein Gas field of Mumbai High

1984 GAIL formed out of ONGC

1993 ONGC a limited company

1993 Govt of India divest 2% share

1994 2% share to employees

1999 Equity swap ONGC, IOC, GAIL

2003 Acquired Mangalore Refineries Petrochemicals Ltd from Birla Group

2003 Ist equity Oil & gas from Sudan / Vietnam

2004 Govt of India divests 10%

2006 Diversification ONGC Petro additives Ltd and ONGC Mangalore Petro Ltd

2007 ONGC Energy Centre formed

2010 Coal Bed Methane Production

2013 Oil at Kazakhstan/Mozambique

With more than 50 years of Exploration ONGC had discovered 6 of the 7 Producing basins of India. These Oil
Producing Basins are;

1958 Cambay, Gujarat

1967 Rajasthan

1973 Assam

1974 Mumbai Offshore

1980 Krishna Godavari Basin

1985 Cauvery Basin

Today, ONGC has the highest market capitalization (among Indian public enterprises) of over INR 3 lakh crores
with 4,84,544 shareholders and the highest net Profit earning Indian public enterprise with the net profit of Rs
22,095 Crores (after Tax) for the fiscal year 2014-15.

Operations
A. ASSETS/ PLANTS:
1.Mumbai High Asset, Mumbai
2.Neelam & Heera Asset, Mumbai
3.Bassein & Satellite Asset, Mumbai
4.Uran Plant, Uran
5.Hazira Plant, Hazira
6.Ahmedabad Asset, Ahmedabad
7.Ankleshwar Asset, Mehsana

8.Mehsana Asset, Mehsana

9.Rajamundry Asset, Rajamundry
10. Karaikal Asset, Karaikal
11. Assam Asset, Nazira
12. Tripura Asset, Agartala
B. BASINS:
1. Western Offshore Basin, Mumbai
2.Western Onshore Basin Vadodara
3.KG Basin, Rajamundry
4.Cauvery Basin , Chennai
5.Assam & Assam-Arakan Basin , Jorhat
6.CBM- BPM Basin , Kolkata
7.Frontier Basin , Dehradun
C. REGIONS:
1.Mumbai Region, Mumbai
2. Western Region, Baroda
3. Eastern Region, Nazira
4. Southern Region, Chennai
5. Central Region, Kolkata
D. INSTITUTES:
1. Keshava Dev Malaviya Institute of Petroleum Exploration (KDMIPE), Dehradun
2. Institute of Drilling Technology (IDT), Dehradun
3. Institute of Reservoir Studies, Ahmedabad
4. Institute of Oil & Gas Production Technology, Navi Mumbai
5. Institute of Engineering & Ocean Technology, Navi Mumbai
6. Geo- data Processing & Interpretation Center (GEOPIC), Dehradun
7. ONGC Academy , Dehradun
8. Institute of Petroleum Safety, Health & Environment Management, Goa .
9. Institute of Biotechnology & Geotectonics Studies, Jorhat
10. School of Maintenance Practices, Vadodara
11. Regional Training Institutes, Navi Mumbai, Chennai, Sivasagar & Vadodara.
E.SERVICES:
1. Chief Drilling Services, Mumbai
2. Chief Well Services, Mumbai
3. Chief Geo- Physical Services, Dehradun
4. Chief Logging Services, Baroda
5. Chief Engineering Services, Mumbai
6. Chief Offshore Logistics, Mumbai
7. Chief Technical Services, Mumbai
8. Chief Info-com Services, New Delhi
9. Chief Corporate Planning, New Delhi
10. Chief Human Resource Development, Dehradun
11. Chief Employee Relations, Dehradun
12. Chief Security, Dehradun
13. Company Secretary, New Delhi
14. Chief Marketing, New Delhi
15. Chief Corporate Affairs &Co-ordination, New Delhi
16. Chief Corporate Communication, New Delhi
17. Chief Material Management, Dehradun
18. Chief Technical Services, Dehradun
19. Chief Health, Safety & Environment, Mumbai
20. Chief Legal, New Delhi
21. Chief Medical, Dehradun
22. Chief Internal audit, New Delhi

23. Chief Commercial, New Delhi

24. Chief Exploration & Development, Dehradun

II Functions & Duties

Oil And Natural Gas Corporation has been established to carry out the objectives specified in the Memorandum &
Articles of Association of the Company. The main objectives are:
1.To acquire whole or any part of the undertaking, business, the assets/liabilities, rights, obligations, power,
goodwill, privileges, functions and associated establishment of whatever nature of the Oil & Natural Gas
Commission [Established under the Oil & Natural Gas Commission Act (No. 43 of 1959)] and for that purpose
carry into and carry into effect such agreements, contracts, arrangements as may become necessary.
2. To plan, promote, organize exploit and implement programmes for the efficient development of petroleum and
petroleum products and alternate resources of energy, and the production, distribution, conservation and sale of
Petroleum and other products/services produced by it and for all the matters connected therewith.
3. To carry out exploration and to develop and optimise production of hydrocarbons and to maximise the
contribution to the economy of the country.
4. To search for, purchase, take on lease or license, obtain concession or otherwise acquire any estate or interest
in, develop the resources of work, dispose off or otherwise turn to account, land or sea or any other place in
whole of India or in any other part of the world containing or likely to contain, petroleum, petroleum resources or
alternative sources of energy or other oils in any form, asphalt, bitumen or similar substances or natural gas,
chemicals.
5. To undertake, assist, encourage or swap or promote the production of petroleum resources and to carry on in
all their respective branches all or any of the business of producing, treating, (including the redefining of crude
oil) storing, transportation, importing, exporting, swapping and generally dealing in or with, petroleum or other
crude oils, asphalt, bitumen, natural gas, refinery gasses, liquefied petroleum gas and all other kind of petroleum
products, chemicals and any such substances aforesaid.
6. To carry on all marketing and distribution of all kinds of petroleum products and to purchase or otherwise
acquire manufacture, refine, treat, reduce, distil, blend purify and pump, store, hold transport, use, experiment
with market distribute, exchange, supply, sell or otherwise dispose of, import, export and trade and generally deal
in any and all kinds of petroleum products, oil, gas and other volatile substances.
7. To establish, provide, maintain and perform scientific, technical, engineering, project management,
consulting/contacting services including but without limiting to technical studies, design, construction,
maintenance, repair all kinds of works and buildings, procurement, inspection expediting, management of
construction and related services for petroleum reservoir, storage and transportation of oil, gas and other
minerals by pipeline in or otherwise, seismic data acquisition, interpretation, logging, drilling, cementing, other oil
fields related equipment.
8. To promote, organise, or carry on the business of consultancy services in any field of activity in which the
Company is engaged in or connected therewith.

SUBSIDIARIES:
ONGC Videsh Limited (OVL)
OVL is the international arm of ONGC. It was rechristened on 15 June
1989. It currently has 14 projects across 16 countries. Its oil and gas
production reached 8.87 MMT of O+oEG in 2010, up from 0.252 MMT of
O+OEG in 2002/03. ONGC holds 100% stake in ONGC Videsh Limited.

Presence of ONGC Videsh Limited (OVL)

Latin America
CIS & Far-East
Africa
Middle East

ONGC Sports
ONGC presently has 179 active sportspersons and 159 players on
scholarships, spread over 23 game disciplines. Out of them, 93
sportspersons are international players who have been regularly
representing the country in Cricket, Chess, Table Tennis, Athletics,
Badminton, Volleyball, Hockey, Lawn Tennis, Football and Shooting
amongst other sports.
Mangalore Refinery and Petrochemicals Ltd
MRPL has a design capacity to process 15 million metric tons per annum
and have 2 Hydrocrackers producing Premium Diesel (High Cetane). It also
has 2 CCRs producing Unleaded Petrol of High Octane.MRPL, a schedule
A CPSE and a subsidiary of ONGC is a State of Art Grassroot Refinery
located in a beautiful hilly terrain, north of Mangalore city, in Dakshin
Kannada region.
ONGC Nile Ganga BV (ONG BV)
This is the wholly owned subsidiary of ONGC Videsh Limited which, in turn,
is 100% owned by ONGC. The company was incorporated in Netherlands
and has 25% participating interest in the Greater Nile Oil Project in Sudan
producing crude oil from on-shore blocks earmarked for the purpose.

JOINT VENTURE:
ONGC Tripura Power Company
OTPC, a joint venture which was formed in September 2008 between ONGC,
IL&FS Energy Development Co. Ltd. and Govt. of Tripura, is setting up a
726.6 MW capacity combined cycle gas turbine based Mega Power Project
in the state of Tripura with the objective of monetization of gas, which had
been lying idle for want of adequate market in the region. The first unit of
363.3 MW capacity is set to commence commercial operations in January
2013.
ONGC Petro Additions Limited

ONGC Petro additions Limited (OPaL), a private joint venture company was
incorporated in year 2006, by Oil and Natural Gas Corporation (ONGC) and
Gujarat State Petroleum Corporation (GSPC), with 26 per cent and 5 per
cent stakes respectively. Later, Gas Authority of India Limited (GAIL) also
acquired a 19 per cent stake in OPaL.
Mangalore Special Economic Zone Limited
Mangalore SEZ, a Special Purpose Vehicle, was incorporated on 24th
February, 2006 with participation of ONGC, Infrastructure Leasing &
Finance Corporation (IL&FS), Karnataka Chamber of Commerce and
Industries (KCCI) and Karnataka Industrial Area Development Board
(KIADB). Present Equity Structure of MSEZ is ONGC- 26%, IL&FS- 50%,
KIADB-23%, OMPL- 0.96% and KCCI- 0.04%. MSEZ is envisaged to be
developed in two phases.
ONGC Mangalore Petrochemicals Limited
OMPLs equity share constitutes ONGC and MRPL holding 49% however,
the balance 51% equity will be offered to Strategic / financial investors
and retail investors. OMPL was incorporated on 19th Dec. 2006 and its
Registered Office is at Mangalore Special Economic Zone, Permude,
Mangalore, India. The Plant will produce about 913.70 KTPA of Paraxylene
and about 283.10 KTPA of Benzene.
Dahej SEZ Limited
Dahej SEZ, a joint venture between Gujarat Industrial Development
Corporation (GIDC) and ONGC, was incorporated on 24th Sept 2004.
Equity Share of ONGC and GIDC on the current paid-up equity is 49.99%
each.
ONGC Mittal Energy Limted (OMEL)
Joint venture of ONGC Videsh and Mittal Investment Sarl - had in 2005 won
right to explore for oil and gas in offshore OPL-279 and OPL-285 blocks
after committing to invest $ 6 billion in an 180,000 barrels per day
greenfield refinery, a 2,000 MW power plant or a railway line from east to
West of Nigeria. This is the joint venture between ONGC Videsh Limited
and Mittal Investments Sarl in the ratio of 49.98% : 48.02% with SBI
Capital holding the remaining 2%.
ONGC Mittal Energy Services Limited (OMESL)
This is the joint venture between ONGC Videsh Limited and Mittal
Investments Sarl with the same ownership structure as that of OMEL. This
joint venture will be involved in trading and shipping of oil and gas
(including LNG) sourced by OMEL from abroad.
Kakinada Refinery & Petrochemicals Limited (KRPL)

This is a public private joint venture company formed pursuant to an MOU

between MRPL, Kakinada Seaport Limited(KSPL), IL&FS and AP
Government, to set up an export-oriented refinery of 7.5 MMTPA capacity
at Kakinada in coastal Andhra Pradesh which is envisaged to be integrated
with bio-diesel facility.
Rajasthan Refinery Limited (RRL)
MRPL and Cairn Energy India formed a Joint Venture, which will examine
the techno-economic viability of establishing a well-head refinery of 7.5
MMPPA Capacity and if found feasible will implement the same at a
suitable location in Rajasthan.

AWARDS
ONGC has bagged from time to time safety awards instituted by the OISD, India;

1987-88 :: Cross Country pipeline

1988-89 :: Oil/Gas production Installation (BHS)
1988-89 :: Cross Country pipeline
1989-90 :: Oil/Gas production Installation (BHS)
1990-91 :: Cross Country pipeline
1991-92 :: Oil/Gas production Installation (Hazira)
1994-95 :: Cross Country pipeline, Oil/Gas production Installation (Hazira)
1995-96 :: Cross Country pipeline, Oil/Gas production Installation (Mehsana)
1996-97 :: Processing Organization Excluding Refineries (Hazira)
1996-97 :: Oil and Gas Production Units (MRBC)
The Hazira Gas Processing Complex has also bagged the following awards for excellence in
environmental preservation and pollution control:
Award for Excellence in Environmental Preservation and Pollution Control for 1996, by
federation of Gujarat industries, Baroda.
The Golden Jubilee Memorial Trust Award for outstanding pollution control program for 199697
Organized by Gujarat Chamber of Commerce and Industry.
RoSPA Bronze Awards for 1998 by Royal Society foe Prevention of Accident (RoSPA), UK.
Award for outstanding contribution towards pollution control conferred by South Gujarat
chamber of Commerce and Industries (SGCCI) for 1997-98.

Corporate Governance
ONGC has taken structured initiatives towards Corporate Governance and
its practices which evolve around multi-layered checks and balances to
ensure transparency. Apart from the mandatory measures required to be
implemented as a part of Corporate Governance, ONGC has gone the
extra mile in this regard and has implemented the Whistle Blower Policy,
Annual Report on working of the Audit & Ethics Committee, MCA Voluntary
Guidelines on Corporate Governance, Enterprise-wide Risk Management
(ERM) framework.
Human Resources
ONGC has vast pool of skilled and talented professionals the most
valuable asset for the company. 32,909 ONGCians (as on 31st March,
2012) dedicate themselves for the excellent performance of the company.
ONGC extends several welfare benefits to the employees and their
families by way of comprehensive medical care, education, housing and
social security.

FUTURE
ONGC looks forward to become an integrated energy provider, with:

New Discoveries and fast track development

Equity Oil from Abroad

Downstream Value Additions & Forward Integration

Leveraging state-of-the art technology and global best practices

New Sources of Energy

Production from small and marginal fields

ONGC has taken structured initiatives to tap unconventional

energy sources through unconventional gases like Coal Bed
Methane (CBM), Underground Coal Gasification (UCG), Shale Gas
and Gas Hydrates, or unconventional energy sources like wind,
solar etc.

"ONGC Energy Centre Trust", a dedicated centre created by ONGC

for holistic research in non-conventional energy sources, has taken
up three projects viz., Thermo-chemical reactor for Hydrogen, Geobio Reactors and Fuel Cells. ONGC has already commissioned a 50
MW Wind Farm in Gujarat and plan is afoot to set up another 100
MW Wind Farm in Rajasthan. ONGC has also set up 3 Solar Thermal
Engines at Solar Energy Centre, Ministry of New and Renewable
Energy (MNRE) campus at Gurgaon.

OUR 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.

Carbon Neutrality

ONGC will continually strive to reduce CO2 emissions across its

activity chain with the objective of achieving carbon neutrality.

VISION
GIVEN BY HON'BLE PRESIDENT OF INDIA DR. APJ ABDUL KALAM
I would suggest ONGC to give world leadership in management of energy
source, exploration of energy sources, diversification of energy sources,
technology in Underground Coal Gasification, and above all, finding new
ways of tapping energy wherever it is, to meet the ever-growing demand
of the country.
STRATEGIC VISION: 2001-2020
Focusing on core business of E&P, ONGC has set strategic
objectives of :
Doubling reserves (i.e. accreting 6 billion tonnes of O+OEG) by 2020;
out of this 4 billion tonnes are targeted from the Deep-waters.

 Improving average recovery from 28 per cent to 40 per cent.

Tie-up 20 MMTPA of equity Hydrocarbon from abroad.
The focus of management will be to monetise the assets as well as to
assetise the money.