PRESENTATION ON SUMMER

INTERNSHIP/ TRAINING IN
ONGC Ltd

 Oil & Natural Gas Corporation Limited

(ONGC) is the premier company in the Indian
upstream of Petroleum Sector.
Born in 1956. ONGC was public in 1994.
Its produces 77 percent of Indias
domestic petroleum and 81 percent of
its natural gas.

Company Details
Vision Statement
To be a world class Oil and Gas Company
integrated in energy business with dominant
Indian leadership and Global Presence.

 Mission Statement
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 Health, Safety and
Environment to enrich quality of community life.

 Integrated in Energy Business

Focus on domestic and international Oil &
Gas exploration and production business
opportunities.
Provide value linkages in other sectors of
energy business.
Create growth opportunities and maximize
shareholders value.

 Dominate Indian Leadership

Retain dominant position in Indian
Petroleum sector and enhance Indias
energy availability.

HISTORY
During pre- independence period the Assam Oil
Company and Attock Oil company was the only
oil company in India.
After independence, the national Government
realized the importance oil and gas for rapid
industrial development.
Assam Oil Company was producing oil at Digboi
(discovered in 1889)

 Oil India Ltd is a 50% joint venture between

Government of India and Burma Oil Company.
In West Bengal, the Indo-Stanvac Petroleum
project is a joint venture between Government of
India and Standard Vacuum Oil Company of
USA.
In 1955, Oil and Natural Gas Directorate was set
up which was later converted to Oil and Natural
Gas Commission in 1956 August..

 Oil and Natural Gas Commission was later

change to Oil and Natural Gas Corporation in
1994.
In 1958, ONGC found a oil-well in Cambay now
Khambhat which was a first well owned by
Government of India only.
ONGC went offshore in early 70's and
discovered a giant oil field in the form of Bombay
High, now known as Mumbai High.

Global Ranking
ONGC ranks 3rd Oil & Gas Exploration &
Production (E&P) Company in the world and
23rd among leading global energy majors as per
Platts 250 Global Energy Companies List for the
year 2009 ONGC ranks 24th among the Global
publicly-listed Energy companies as per PFC
Energy 50 (Jan 2008)

 Finance Asia 100 list ranks ONGC no 1 among

Indian Blue Chips.
Occupies 155th rank in Forbes Global 2000 list
2010 of the worlds biggest companies for 2010
based on sales, profits, assets and market
capitalization.
ONGC ranked 402nd position as per Fortune
Global 500 - 2009 list;, based on revenues,
profits, assets and shareholders equity.

ONGC PRODUCT DETAILS

ONGC Ltd. has following product profile
Crude Oil

Petrochemical

Petroleum

Mixed Xylene

Gas oil

Para Xylene

Jet/kero

Propylene

LPG

Benzene

MS/ Naphtha

 ONGC Ltd. Cambay production of Crude

Oil, Natural Gas and Crude Oil processing
& Transportation. Their customer are:

IOCL (Crude Oil)

GAIL (Natural Gas)
GSPC/NIKO (Processing of Crude Oil)
HERAMEC Ltd. (Processing of Crude Oil)

Broad Function
Stacking of released locations and Handling over

a Drilling & Oil Mining

Land acquisition
Preparation of approach roads and drill sites
Preparation of GTO (Geological Technical Order)

and other related technical data.

Collection of subsurface geological

data during drilling

 Monitoring of day to day drilling operations for

healthy/timely well completion.
Planning, provisioning and inventory control of
casing, well heads, floating equipments,
centralizers etc.
Co-ordination with other services such as
Logging, WSS (well stimulation service),
Cementing, Logistic.

 Planning and monitoring production testing.

Planning and execution of work over jobs
Documentation of the data for each well
Budget preparation
Well completion reports
Cost reduction planning
Other miscellaneous jobs related to DRILLING.

Corporate Social
Responsibility OF ONGC
CSR is about how companies manage the
business processes to produce an overall
positive impact on society.

There are four aspects of CSR

1) Work Place:
Providing a safe and healthy work environment
Adopting fair labor polices

2) Environment:
Protecting the environment

3) Market Place:
Being truthful in advertising
Avoiding price discrimination

4) Social Welfare:
Donating to charity

Activities
CORPORATE LEVEL:
ONGC s CSR programs at the corporate level
focused on disaster relief management and
water management projects.
When a heavy cyclone hit the eastern state of
Orissa in 1999,ONGC provided immediate relief
like food , drinking -water, medicine, clothing etc.

SOCIETY:
ONGC was involved various community

development programs in India.

In 1983 ONGC formulated its Environment Policy

for protecting Environment.

For improving the safety, health, and

environment standard ONGC set up the Institute

of Petroleum Safety, Health and Environment
management in 1989.

 ONGC contributed to several socioeconomic developmental programs

like building schools and hospitals,
developing agriculture and cottage
industry, building infrastructure
facilities.

ISSUES/ PROBLEMS AREA:

In 1994, the Nagaland government asked the Oil
and Natural Gas Corporation (ONGC) to shut shop
in the state. Because the state government claims to
have resolved old issues but local people and
militant groups dispute that. They have also raised
the issue of pollution from oil wells.

 ONGC Company has been facing hurdles in its

efforts to invite global bids for high tech drilling
operations

as

the

local

industry

has

been

obstructing the induction of foreign technology.

The jack-up drilling rig Transocean Nordic, which
was slated to be re-deployed from Bengal offshore
to the Mahanadi basin, got one of its legs stuck
under the sea bed. The loss is estimated at $74,000
per day only on the hiring charges of the rig alone.

Ratio Analysis

Compare With Other Oil Exploration

Company
Current Ratio
Mar07

Mar08

Mar09

ONGC

1.4

1.56

1.45

Hindustan
Oil
Exploration
ltd

2.23

1.98

1.11

RIL

0.77

1.01

1.08

Cairn India

1.77

0.16

20.48

Quick Ratio
Compan
y

Mar 07

Mar 08

Mar 09

ONGC

1.28

1.39

1.27

HOEC

1.48

1.51

0.83

RIL*

0.69

0.94

0.9

Cairn India

1.78

0.16

20.48

*RIL including Reliance Fresh,

# Crain India was public in 2007. There is a lack of information

Debtors Turnover Ratio

Company

Mar 07

Mar 08

Mar 09

ONGC Ltd

17.61

16.87

15.16

HOEC

5.24

11.29

17.18

RIL

28.29

26.87

26.29

Cairn India

--

2.44

 Investment Turnover Ratio

Company

Mar 07

Mar 08

Mar 09

ONGC Ltd

150.64

122.77

111.98

HOEC

22.79

11.29

17.18

RIL

10.65

10.57

12.92

Cairn India

--

--

--

Inventory Turnover Ratio

Company

Mar 07

Mar 08

Mar 09

ONGC Ltd

19.99

122.77

111.98

HOEC

5.24

11.29

17.18

RIL

10.65

10.57

12.92

Cairn India

--

--

--

 Net Profit Ratio in %

Company

Mar 07

Mar 08

Mar 09

ONGC Ltd

25.79

25.93

23.5

HOEC

1.93

24.53

41.94

RIL

10.64

14.45

10.65

Cairn India

-494.77

-252.62

34.35

 Earning Per Share

Company

Mar 07

Mar 08

Mar 09

ONGC Ltd

73.14

78.09

75.4

HOEC

0.32

1.85

4.1

RIL

85.71

133.86

97.28

Cairn India

-0.17

-0.44

0.29

Finding
The company having comfortable
working capital position.
The absolute liquidity of the ONGC
Limited is in favors.
The collection policy of the company is
very good.
Inventory turnover ratio is high in 200708 as compare to the previous year but
in current year which is little bit lower
than previous year but ONGC Limited
had good Inventory Turnover Ratio in
comparison with other industries

BIBLIOGRAPHY

www.ongcreports.com
www.ongcindia.com
www.moneycontrol.com
Annual Reports

Thank You