About ONGC

Introduction:
Oil and Natural Gas Corporation Limited (ONGC) is an Indian multinational oil and gas company
earlier headquartered in Dehradun, Uttarakhand, India. As a Corporation, it's registered office is
now at Deendayal Urja Bhavan, Vasant Kunj, New Delhi 110070 India. It is a Public-Sector
Undertaking (PSU) of the Government of India, under the administrative control of the Ministry
of Petroleum and Natural Gas. It is India's largest oil and gas exploration and production
company. It produces around 70% of India's crude oil (equivalent to around 30% of the country's
total demand) and around 62% of its natural gas.

ONGC Vision and 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.
ONGC History:
ONGC was set up under the visionary leadership of Pandit Jawahar Lal Nehru. Pandit Nehru
reposed faith in Shri Keshav Dev Malviya who laid the foundation of ONGC in the form of Oil and
Gas division, under Geological Survey of India, in 1955. A few months later, it was converted into
an Oil and Natural Gas Directorate. The Directorate was converted into Commission and
christened Oil & Natural Gas Commission on 14th August 1956.
In 1994, Oil and Natural Gas Commission was converted in to a Corporation, and in 1997 it was
recognized as one of the Navratnas by the Government of India. Subsequently, it has been
conferred with Maharatna status in the year 2010.

ONGC Operations in India:

India has 26 sedimentary basins, of which only seven have commercial production of oil and gas.
Except for the Assam shelf, ONGC opened up for commercial production all the other six basins,
which are:

Year Basin Type of Reservoir

1958 Cambay Basin Predominantly Sandstone
1967 Rajasthan Predominantly Carbonate
1973 Assam- Arakan Basin Predominantly Sandstone
1974 Mumbai Offshore Predominantly Carbonate
1980 Krishna Godavari Basin Predominantly Sandstone
1985 Cauvery Basin Predominantly Carbonate

ONGC has made a significant natural gas discovery in the Gulf of Kutch off the west coast. Kutch
would be India's eighth sedimentary basin. ONGC has planned to bring this basin to production
in 2-3 years.

ONGC Videsh:
ONGC Videsh Limited is the international arm of ONGC. It was rechristened on 15 June 1989. The
primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including
exploration, development and production of oil and gas.
ONGC Videsh has participation in 41 projects in 20 countries namely Azerbaijan, Bangladesh,
Brazil, Colombia, Iraq, Israel, Iran, Kazakhstan, Libya, Mozambique, Myanmar, Namibia, Russia,
South Sudan, Sudan, Syria, United Arab Emirates, Venezuela, Vietnam and New Zealand. ONGC
Videsh maintains a balanced portfolio of 15 producing, 4 discovered/under development, 18
exploratory and 4 pipeline projects. The Company currently operates/ jointly operates 21
projects. ONGC Videsh had total oil and gas reserves (2P) of about 711 MMTOE as on April 1,
2018.
ONGC Shareholders:
Government of India currently holds a 68.94% equity stake in ONGC.
Major Shareholding Distribution (as on March 31, 2018):

Name of the holder Percentage

President of India 67.715
Life Insurance Corporation of India 9.281
Indian Oil Corporation Ltd. 7.690
Gas Authority of India Ltd. 2.403
Source: Distribution of Shareholding as on quarter ending 31st March, 2018 by ONGC.

ONGC CSR:
Major CSR projects in India undertaken by ONGC are:

• Education including vocational courses,

• Health Care,
• Entrepreneurship (self-help & livelihood generation) schemes,
• Infrastructure support near ONGC operational areas,
• Environment protection, ecological conservation, promotion,
• Protection of heritage sites, UNESCO heritage monuments etc.
• Promotion of artisans, craftsman, musicians, artists etc. for preservation of heritage, Art
& Culture,
• Women's Empowerment, Girl Child Development, Gender sensitive projects,
• Water Management including ground water recharge,
• Initiatives for Physically and Mentally challenged,
• Sponsorship of seminars, conferences, workshops etc.
• Promoting Sports/sports persons; supporting agencies promoting sports / sports persons.

ONGC Awards and Accolades:

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

• This largest natural gas 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.
• ONGC 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.
By- Saurabh Sengar, Gengadharan R.