Oil and Natural Gas Corporation

3/22/22, 11:09 AM Oil and Natural Gas Corporation - Wikipedia
Oil and Natural Gas Corporation

The Oil and Natural Gas Corporation (ONGC) is an
Indian government-owned crude oil and natural gas Oil and Natural Gas
corporation. Its registered office is in New Delhi. The Corporation Ltd
operations are overseen by the Ministry of Petroleum and
Natural Gas. It is the largest government-owned-oil and gas
exploration and production corporation in the country, and
produces around 70% of India's crude oil (equivalent to
around 57% of the country's total demand) and around 84% of
its natural gas. In November 2010, the Government of India
conferred the Maharatna status to ONGC.
In a survey by the government of India for fiscal year 2019–

20, it was ranked as the largest profit making PSU in India. It
is ranked 7th among the Top 250 Global Energy Companies by
Platts. Type Public
Traded as NSE: ONGC (http
ONGC was founded on 14 August 1956 by the government of
s://www.nseindia.co
India. It is involved in exploring for and exploiting
m/get-quotes/equit
hydrocarbons in 26 sedimentary basins of India, and owns
y?symbol=ONGC)
and operates over 11,000 kilometers of pipelines in the
country. Its international subsidiary ONGC Videsh currently BSE: 500312 (http
has projects in 17 countries. ONGC has discovered 7 out of the s://www.bseindia.co
8 producing Indian Basins, adding over 7.15 billion tonnes of m/stock-share-pric
In-place Oil & Gas volume of hydrocarbons in Indian basins. e/x/y/500312/)
Against a global decline of production from matured fields, BSE SENSEX
ONGC has maintained production from its brownfields like Constituent
Mumbai High, with the help of aggressive investments in NSE NIFTY 50
various IOR (Improved Oil Recovery) and EOR (Enhanced Oil Constituent
Recovery) schemes. ONGC has many matured fields with a INE213A01029
ISIN
current recovery factor of 25–33%.[4] Its Reserve Replacement
Ratio for between 2005 and 2013, has been more than one.[4] Industry Energy: Oil and gas
During FY 2012–13, ONGC had to share the highest ever Founded 14 August 1956
under-recovery of ₹ 89765.78 billion (an increase of ₹ Headquarters Deendayal Urja
17889.89 million over the previous financial year) towards the Bhawan, Vasant
under-recoveries of Oil Marketing Companies (IOC, BPCL and Kunj, New Delhi
HPCL).[4] On 1 November 2017, the Union Cabinet approved
Area served Worldwide
ONGC for acquiring majority 51.11% stake in HPCL
(Hindustan Petroleum Corporation Limited). On Jan 30th Key people Alka Mittal[1]
2018, Oil & Natural Gas Corporation acquired the entire (Chairman & MD)
51.11% stake of Hindustan Petroleum Corporation. Products Petroleum
Natural gas
LNG
Contents Lubricants
History Petrochemicals
Foundation to 1956 Electricity
1961 to 2000 Owner Government of
https://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporation 1/12
2001 to present India (60.41%)[2]
Operations Number of 30,105 (2021)[3]

employees
Subsidiaries
ONGC Sports Divisions Mangalore Refinery
Joint Ventures and Petrochemicals
Limited
ONGC Tripura Power Company
ONGC Petro Additions Limited ONGC Videsh
ONGC Petro-
Products and services Additions Limited
Listings and Shareholding ONGC Tripura
Employees Power Company
Awards and recognitions Subsidiaries Hindustan

Petroleum
Controversies
Corporation Limited
See also Imperial Energy
References Corporation
Further reading Website www.ongcindia
.com (http://www.on
External links
gcindia.com/)
History
Foundation to 1956
Before the independence of India in 1947, the Assam Oil

Company in the north-eastern and Attock Oil company in the
north-western part of the undivided India were the only oil-
producing companies, with minimal exploration input. The
major part of Indian sedimentary basins was deemed to be
unfit for the development of oil and gas resources.[5]
After independence, the Central Government of India realized

the importance of oil and gas for rapid industrial development
Pumpjack working in an oilfield of
and its strategic role in defense. Consequently, while framing
ONGC at Sivasagar, Assam
the Industrial Policy Statement of 1948, the development of the
petroleum industry in the country was considered to be of
utmost necessity.[5]
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 1889) and Oil
India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was
engaged in developing two newly discovered large fields Naharkatiya and Moraan in Assam. In
West Bengal, the Indo-Stanvac Petroleum project (a joint venture between the 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.[5]
In 1955, the Government of India decided to develop the oil and natural gas resources in the
various regions of the country as part of the Public Sector development. With this objective, an Oil
and Natural Gas Directorate was set up towards the end of 1955, as a subordinate office 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.[5]
A delegation under the leadership of the Minister of Natural Resources visited several European
countries to study the status of the oil industry in those countries and to facilitate the training of
Indian professionals for exploring potential oil and gas reserves. Experts from Romania, the Soviet
Union, the United States and West Germany subsequently visited India and helped the
government with their expertise. Soviet experts later drew up a detailed plan for geological and
geophysical surveys and drilling operations to be carried out in the 2nd Five Year Plan (1956–
61).[5]
In April 1956, the Government of India adopted the Industrial Policy Resolution, which placed
Mineral Oil Industry among the schedule 'A' industries, the future development of which was to be
the sole and exclusive responsibility of the state.[5]
Soon, after the formation of the Oil and Natural Gas Directorate, it became apparent that it would
not be possible for the Directorate with its limited financial and administrative powers as a
subordinate office of the Government, 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
the Indian 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 programs 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.[5]
1961 to 2000
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 onshore and offshore).[5]
ONGC An ONGC platform at Bombay High
went offshore in the early 1970s and discovered a giant oil field in the Arabian Sea
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.[5]
ONGC became a publicly held company in February 1994, with 20% of its equity were sold to the
public and eighty per cent retained by the Indian government. At the time, ONGC employed
48,000 people and had reserves and surpluses worth ₹104.34 billion, in addition to its intangible
assets. The corporation's net worth of ₹107.77 billion was the largest of any Indian company.
In 1958 the then Chairman, Keshav Dev Malaviya, held a meeting with some geologists in the
Mussoorie office of the Geology Directorate where he accepted the need for ONGC to go outside
India too in order to enhance Indian owned capacity for oil production. The argument in support
for this step, by LP Mathur and BS Negi, was that Indian demand for crude would go up at a faster
rate than discoveries by ONGC in India.
Malaviya followed this up by making ONGC apply for exploration licences in the Persian Gulf. Iran
gave ONGC four blocks and Malaviya visited Milan and Bartlseville to request ENI and Phillips
Petroleum to join as partners in the Iran venture. This resulted in the discovery of the Rostum
oilfield in the early 'sixties, very soon after the discovery of Ankleshwar in Gujarat. This was the
very first investment by the Indian public sector in foreign countries and oil from Rostum and
Raksh was brought to Cochin where it was refined in a refinery built with technical assistance from
Phillips.
2001 to present
In 2003, ONGC Videsh Limited (OVL), the division of ONGC concerned with its foreign assets,
acquired Talisman Energy's 25% stake in the Greater Nile Oil project.[6]
In 2006, a commemorative coin set was issued to mark the 50th anniversary of the founding of
ONGC, making it only the second Indian company (State Bank of India being the first) to have
such a coin issued in its honour.
In 2011, ONGC applied to purchase 2000 acres of land at Dahanu to process offshore gas.[7] ONGC
Videsh, along with Statoil ASA (Norway) and Repsol SA (Spain), has been engaged in deep-water
drilling off the northern coast of Cuba in 2012.[8] On 11 August 2012, ONGC announced that it had
made a large oil discovery in the D1 oilfield off the west coast of India, which will help it to raise
the output of the field from around 12,500 barrels per day (bpd) to a peak output of 60,000 bpd.[9]
In November 2012, OVL agreed to acquire ConocoPhillips' 8.4% stake in the Kashagan oilfield in
Kazakhstan for around US$5 billion, in ONGC's largest acquisition to date.[10] The acquisition is
subject to the approval of the governments of Kazakhstan and India and also to other partners in
the Caspian Sea field waiving their pre-emption rights.[11]
In January 2014, OVL and Oil India completed the acquisition of Videocon Group's ten percent
stake in a Mozambican gas field for a total of $2.47 billion.[12]
In June 2015, Oil and Natural Gas Corporation (ONGC) gave a ₹27bn ($427m) offshore contract
for the Bassein development project to Larsen & Toubro (L&T).[13]
In February 2016, the board of ONGC approved an investment of ₹ 5,050 crore in Tripura for
drilling of wells and creation of surface facilities to produce 5.1 million standard cubic feet per day
gas from the state's fields.[14]
On 19 July 2017, the government of India approved the acquisition of Hindustan Petroleum
Corporation by ONGC.[15]
Operations
ONGC's operations include conventional exploration and production, refining and progressive
development of alternate energy sources like coal-bed methane and shale gas.[16] The company's
domestic operations are structured around 11 assets (predominantly oil and gas producing
properties), 7 basins (exploratory properties), 2 plants (at Hazira and Uran) and services (for
necessary inputs and support such as drilling, geo-physical, logging and well services).[16]
Subsidiaries
ONGC Videsh Limited (OVL) 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. It currently has 38 projects
across 17 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.[4]
Hindustan Petroleum Corporation Limited (HPCL) is an Indian state-owned oil and natural gas
company with its headquarters at Mumbai, Maharashtra. It has about 25% market-share in India
among public-sector companies (PSUs) and a strong marketing infrastructure. Oil and Natural
Gas Corporation owns 51.11% shares in HPCL and others are distributed amongst financial
institutes, public and other investors.[17][18][19] The company is ranked 367th on the Fortune
Global 500 list of the world's biggest corporations as of 2016.[20] Prior to ONGC acquiring
majority stake in HPCL, the former was not in the list of Fortune Global 500 while the latter HPCL
was.
Presence of ONGC Videsh Limited (OVL) in Latin America;
Brazil (Block BC-10, BM-SEAL-4, BM-BAR-1, BM-ES-42, BM-S-73 & S-74)

Colombia (Block LLA-69, RC-8, RC-9, RC-10, SSJN-7 & CPO-5)
Cuba (Block N-25, N-26, N-27, N-28, N-29 N-34, N-35 & N-36 Block)
Venezuela (Block San Cristobal, Block Carabobo-1)
Presence of ONGC Videsh Limited (OVL) in CIS & Far-East;
Vietnam (Block 06.1, 127, 128)

Myanmar (Block A-1, A-3, AD-2, AD-3 & AD-9, Pipeline Project- PipeCo-1, PipeCo-2)
Russia (Block Sakhalin-I, 69, 70–1, 70–2, 70–3, 77, 80, 85–1, 85–2 and 86)(15% shares in
csjc vancourneft company of vancour)
Kazakhstan (Satpayev Exploration Block)
Presence of ONGC Videsh Limited (OVL) in Africa;
Libya (Block NC-189, 81–1, Contract Area 43)

Nigeria (Block OPL 279, OPL 285, Block-2)
Sudan & South Sudan (GNOP/GNPOC/GPOC- 1, 2 & 4, Block 5A, Pipeline- Khartoum-Port
Project)
Mozambique (Rovuma Area 1 Offshore)
Presence of ONGC Videsh Limited (OVL) in Middle East;
(Al Furat (4 PSA), Block-XXIV)
Mangalore Refinery and Petrochemicals Limited is an oil refinery at Mangalore. MRPL has a
design capacity to process 15 million metric tons per annum and has 2 Hydrocrackers producing
Premium Diesel (High Cetane). It also has 2 CCRs producing Unleaded Petrol of High Octane.
ONGC Mangalore Petrochemicals Limited (OMPL) is an Indian company promoted by Oil and
Natural Gas Corporation (ONGC) and Mangalore Refinery and Petrochemicals Limited (MRPL).
Both ONGC and MRPL hold respectively 49% and 51% stake in the company.OMPL is a Subsidiary
Company of MRPL and also a PSU behalf of share pattern of OMPL. It was incorporated on 19
December 2006. The OMPL complex spans 442 acres of land in Mangalore Special Economic Zone
(SEZ). The project cost was estimated at ₹ 5750 crores. The complex is connected with MRPL
Refinery, from where they feed to the complex is supplied. It is 14 km away from the New
Mangalore Port and about 15 km from Mangalore International Airport.
ONGC Sports
ONGC is holding many sport teams, such as athletics, badminton, basketball, boxing, chess,
cricket, cue sports, carrom, field hockey, football, kabaddi, shooting, table tennis, tennis, volleyball
and wrestling. Its football team, ONGC F.C., once played in Indian I-League.
The basketball team, in particular, is known internationally since several of the players of India's
national basketball team have played there. These players include Vishesh Bhriguvanshi, Amritpal
Singh, Yadwinder Singh, and others.
Joint Ventures
ONGC Tripura Power Company
ONGC Tripura Power Company (OTPC) is a joint venture which was formed in September 2008
between ONGC, Infrastructure Leasing and Financial Services Limited and the government of
Tripura. It has developed a 726.6 MW CCGT thermal power generation project at Palatana in
Tripura which supply electricity to the power deficit areas of the northeastern states of the
country.[21] OTPC has 2 no 9FA machines supplied by GE USA.
ONGC Petro Additions Limited
ONGC Petro additions Limited (OPaL), a multi-billion joint venture company was incorporated in
2006, as a Public Limited Company under the Companies Act, 1956, promoted by Oil and Natural
Gas Corporation (ONGC) and co-promoted by GAIL and GSPC.
OPaL is setting up a grass root mega Petrochemical project at Dahej, Gujarat in PCPIR/SEZ. The
complex's main Dual Feed Cracker Unit has the capacity to produce 1100 KTPA Ethylene, 400
KTPA Propylene and the Associated Units consists of Pyrolysis Gasoline Hydrogenation Unit,
Butadiene Extraction Unit and Benzene Extraction Unit. The Polymer plants of OPaL has 2X360
KTPA of LLDPE/HDPE Swing unit, 1X340 KTPA of Dedicated HDPE and 1x340 KTPA of PP. All
the major contracts have been awarded and the construction is in full swing.
Products and services

ONGC supplies crude oil, natural gas, and value-added products to major Indian oil and gas
refining and marketing companies. Its primary products crude oil and natural gas are for the
Indian market.[16]
Product-wise revenue breakup for FY 2016–17 (₹ billion):[22]
Product Revenue
Crude oil 562.38
Gas 168.88
LPG 31.48
Naphtha 76.80
C2-C3 13.44
SKO 3.69
Others 1.59
Adjustments – 32.74
Total 825.52
Listings and Shareholding

The equity shares of ONGC are listed on the Bombay Stock Exchange,[23] where it is a constituent
of the BSE SENSEX index,[24] and the National Stock Exchange of India,[25] where it is a
constituent of the S&P CNX Nifty.[26]
As on 31 March 2013, Government of India held around 69% equity shares in ONGC. Over
480,000 individual shareholders hold approx. 1.65% of its shares.[27] Life Insurance Corporation
of India is the largest non-promoter shareholder in the company with 7.75% shareholding.[4]
Shareholders (as on 31-Mar-2013) Shareholding[4]

Promoter – Government of India 68.94%
Government Companies 10.09%
Banks, Financial Inst. & Insurance companies 09.69%
Foreign Institutional Investors (FII) 06.27%
Private Corporate Bodies 11.83%
Individual shareholders 01.65%
Mutual Funds and UTI 01.13%
NRI/Employees 00.11%
Total 100.0%
Employees
As on 31 March 2017, the company has 33,600 employees, out of which 2,208 are women (6.57%)
and 245 are employees with disabilities (0.73%).[28]
Awards and recognitions

ONGC is the top Employer in the Energy sector in India, in the Randstad Awards 2013.[29]
ONGC was one of 12 winners of the 'Golden Peacock Award 2014' for its corporate social
responsibility practices,[30] and one of 24 winners of the 'Golden Peacock Award 2013' in the
occupational safety and health category.[31]
In April 2013, it was ranked at 155th place in the Forbes Global 2000 for 2012.[32][33]
In 2011, ONGC was ranked 39th among the world's 105 largest listed companies in
'transparency in corporate reporting' by Transparency International making it the most
transparent company in India.
It was conferred with 'Maharatna' status by the Government of India in November 2010.[34] The
Maharatna status to select PSUs allows more freedom in decision making.[34][35]
In February 2014, FICCI conferred it with Best Company Promoting Sports Award.[36]
ONGC wins the "Greentech Excellence Award" for the year 2013 in Platinum Category
ONGC was ranked 82nd among India's most trusted brands according to the Brand Trust
Report 2012, a study conducted by Trust Research Advisory. In the Brand Trust Report 2013,
ONGC was ranked 191st among India's most trusted brands and subsequently, according to
the Brand Trust Report 2014, ONGC was ranked 370th among India's most trusted brands.[37]
ONGC is the title sponsor for the first edition of the Corporate social responsibility (CSR)
Award organised by Amar Ujala[38]
Controversies
Despite being owned by the government of India, ONGC has repeatedly been found not claiming
its rightful payments from private players, especially for the use of oil fields, oil rigs and
concessions.[39] However, due to widespread corruption in the company as well as the Indian
government, such reports, even when made by authorized government agencies are usually hushed
up. In 2012, reports surfaced highlighting the fact that ONGC had chartered an oil rig owned by
RIL in May 2009 (Dhirubhai Deepwater KG-1, also known as DDKG-1)without taking bids from
any other companies.[40]
ONGC was owed ₹ 92,000 crores from Reliance Industries Limited (Petrochemicals) for the use of
blocks of oil fields. This was highlighted by the Comptroller and Auditor General of India (CAG),
the overseer of expenditures of the Indian Government. However, as of 2018, this outstanding
amount was still not paid by Reliance Industries Limited to ONGC.[41]
On 21 April 2021, three employees (Mohini Mohan Gogoi, Alakesh Saikia, Retul Saikia) of the
ONGC were allegedly abducted from Lakuwa field of Assam’s Sivasagar district.[42] Authorities
suspect that the banned United Liberation Front of Asom (Independent) is behind the
abduction.[43]
See also
List of companies of India
List of largest companies by revenue
List of corporations by market capitalization
Make in India
Forbes Global 2000
Fortune India 500
Indian Institute of Technology (Indian School of Mines), Dhanbad
Rajiv Gandhi Institute of Petroleum Technology
University of Petroleum and Energy Studies, Dehradun
References
1. "ONGC India: Chairman & Managing Director" (http://www.ongcindia.com/wps/wcm/connect/on
gcindia/Home/Company/Board_of_Directors/CMD_Functional_Director/CMD/). Archived (http
s://web.archive.org/web/20171225105553/http://ongcindia.com/wps/wcm/connect/ongcindia/ho
me/company/board_of_directors/cmd_functional_director/cmd) from the original on 25

December 2017. Retrieved 30 December 2017.
2. Limited, Oil and Natural Gas. "Shareholding pattern" (https://www.ongcindia.com/wps/wcm/con
nect/a52398aa-f384-4095-8b25-d73dab24a017/Shareholding+Distribution+As+31.03.2020.pd
f?MOD=AJPERES&CONVERT_TO=url&CACHEID=ROOTWORKSPACE-a52398aa-f384-409
5-8b25-d73dab24a017-n8oycap) (PDF).
3. "Archived copy" (https://www.owler.com/company/ongcindia). Archived (https://web.archive.or
g/web/20160921063338/http://www.ongcindia.com/wps/wcm/connect/ongcindia/home/rti/infor
mation/directory+of+key+officers+and+employees) from the original on 21 September 2016.
Retrieved 13 September 2016.
4. "Annual Report 2012-13" (http://www.ongcindia.com/wps/wcm/OngcHTML/Annual_Report_201
2_13/Annual_Report_2012_13.pdf) (PDF). ONGC. 29 May 2013. Archived (https://web.archiv
e.org/web/20131109152410/http://www.ongcindia.com/wps/wcm/OngcHTML/Annual_Report_2
012_13/Annual_Report_2012_13.pdf) (PDF) from the original on 9 November 2013. Retrieved
9 November 2013.
5. "History" (http://www.ongcindia.com/wps/wcm/connect/ongcindia/Home/Company/History/).
ONGC. Archived (https://web.archive.org/web/20131109195336/http://www.ongcindia.com/wp
s/wcm/connect/ongcindia/Home/Company/History/) from the original on 9 November 2013.
Retrieved 10 November 2013.
6. "Talisman pulls out of Sudan" (http://news.bbc.co.uk/2/hi/business/2835713.stm). BBC News.
Associated Press. 10 March 2003. Archived (https://web.archive.org/web/20121112081754/htt
p://news.bbc.co.uk/2/hi/business/2835713.stm) from the original on 12 November 2012.
Retrieved 4 May 2012.
7. Lewis, Clara (11 September 2011). "ONGC seeks 2K acres govt land at Dahanu" (https://archi
ve.today/20120713023406/http://articles.timesofindia.indiatimes.com/2011-09-10/mumbai/301
38777_1_processing-plant-dahanu-gas-block). The Times of India. Times News Network.
Archived from the original (http://articles.timesofindia.indiatimes.com/2011-09-10/mumbai/3013
8777_1_processing-plant-dahanu-gas-block) on 13 July 2012. Retrieved 13 September 2011.
8. Oil and Gas Journal 22May2012 http://www.ogj.com/articles/2012/05/repsol-declares-cuba-
deepwater-wildcat-dry.html Archived (https://web.archive.org/web/20150920030625/http://ww
w.ogj.com/articles/2012/05/repsol-declares-cuba-deepwater-wildcat-dry.html) 20 September
2015 at the Wayback Machine
9. "ONGC makes huge oil discovery off West coast" (http://zeenews.india.com/business/news/co
mpanies/ongc-makes-huge-oil-discovery-off-west-coast_57871.html). 12 August 2012.
Archived (https://web.archive.org/web/20120817135250/http://zeenews.india.com/business/ne
ws/companies/ongc-makes-huge-oil-discovery-off-west-coast_57871.html) from the original on
17 August 2012. Retrieved 12 August 2012.
10. "India's ONGC to pay $5bn for Conoco's Kashagan stake" (https://www.bbc.co.uk/news/busine
ss-20506316). BBC News. 27 November 2012. Archived (https://web.archive.org/web/2012113
0041937/http://www.bbc.co.uk/news/business-20506316) from the original on 30 November
2012. Retrieved 8 December 2012.
11. "Indian OVL to Buy ConocoPhillips's Stake in Kashagan Field" (http://www.satrapia.com/news/
article/indian-ovl-to-buy-conocophillipss-stake-in-kashagan-field/). The Gazette of Central Asia.
27 November 2012. Archived (https://web.archive.org/web/20131027092539/http://www.satrap
ia.com/news/article/indian-ovl-to-buy-conocophillipss-stake-in-kashagan-field/) from the
original on 27 October 2013. Retrieved 27 November 2012.
12. OVL and OIL complete acquisition of Mozambique's offshore gas field (http://www.oilreviewafri
ca.com/gas/gas/ovl-and-oil-complete-acquisition-of-mozambique-s-offshore-gas-field), Africa:
Oil Review Africa, 2014, archived (https://web.archive.org/web/20140113201207/http://www.oil
reviewafrica.com/gas/gas/ovl-and-oil-complete-acquisition-of-mozambique-s-offshore-gas-fiel
d) from the original on 13 January 2014, retrieved 13 January 2014
13. L&T secures $427m offshore contract for Bassein gas field project from ONGC (http://www.offs
hore-technology.com/news/newslt-secures-427m-offshore-contract-bassein-gas-field-project-o
ngc-4609028), 2015, archived (https://web.archive.org/web/20150626234507/http://www.offsh
ore-technology.com/news/newslt-secures-427m-offshore-contract-bassein-gas-field-project-on
gc-4609028) from the original on 26 June 2015, retrieved 27 June 2015
14. "ONGC board approves Rs. 5,050-cr investment in Tripura" (http://www.thehindubusinessline.c
om/companies/ongc-board-approves-rs-5050cr-investment-in-tripura/article8261921.ece). The
Hindu. Agartala. PTI. 20 February 2016. Retrieved 21 February 2016.
15. "Cabinet allows ONGC to buy out govt stake in refiner HPCL" (http://www.hindustantimes.com/
business-news/cabinet-allows-ongc-to-buy-out-govt-stake-in-refiner-hpcl/story-2oqzKRbSfScB
DmCt3oiL2L.html). 19 July 2017. Retrieved 19 July 2017.
16. "Corporate Sustainability Report 2011-12" (http://www.ongcindia.com/wps/wcm/connect/1e263
a3b-25a9-4e2f-a960-5e057f99ab09/GRI3.pdf?MOD=AJPERES&CACHEID=1e263a3b-25a9-4
e2f-a960-5e057f99ab09) (PDF). ONGC. Archived (https://web.archive.org/web/201311092051
34/http://www.ongcindia.com/wps/wcm/connect/1e263a3b-25a9-4e2f-a960-5e057f99ab09/GRI
3.pdf?MOD=AJPERES&CACHEID=1e263a3b-25a9-4e2f-a960-5e057f99ab09) (PDF) from the
original on 9 November 2013. Retrieved 10 November 2013.
17. "Sustainability report 2013-14" (http://www.hindustanpetroleum.com/documents/pdf/HPCL_Sus
tainability_report_2014.pdf) (PDF). 2014. p. 7. Archived (https://web.archive.org/web/2015031
7142817/http://hindustanpetroleum.com/documents/pdf/HPCL_Sustainability_report_2014.pdf)
(PDF) from the original on 17 March 2015. Retrieved 13 May 2015.
18. "Archived copy" (https://web.archive.org/web/20130719123802/http://dpe.nic.in/publications/list
_of_maharatna_navratna-and_miniratna). Archived from the original (http://dpe.nic.in/publicati
ons/list_of_maharatna_navratna-and_miniratna) on 19 July 2013. Retrieved 28 July 2013.
Navratna
19. "ONGC buys govt's entire 51.11% stake in HPCL for Rs 36,915 crore" (https://economictimes.i
ndiatimes.com/industry/energy/oil-gas/ongc-buys-govts-entire-51-11-stake-in-hpcl-for-rs-36915
-crore/articleshow/62729805.cms). The Economic Times. 31 January 2018. Archived (https://w
eb.archive.org/web/20180417193623/https://economictimes.indiatimes.com/industry/energy/oil
-gas/ongc-buys-govts-entire-51-11-stake-in-hpcl-for-rs-36915-crore/articleshow/62729805.cm
s) from the original on 17 April 2018. Retrieved 28 April 2018.
20. "Fortune Global 500 list" (http://beta.fortune.com/global500/list/filtered?hqcountry=India). CNN
Money. Archived (https://web.archive.org/web/20160821170013/http://beta.fortune.com/global
500/list/filtered?hqcountry=India) from the original on 21 August 2016. Retrieved 22 July 2016.
21. "We are the largest Natural Oil and Gas Company to Work in India" (https://www.ongcindia.co
m/wps/wcm/connect/en/about-ongc/ongc-at-a-glance/corporate-profile/). www.ongcindia.com.
Retrieved 25 February 2022.
22. "Financial Results: 2013–14 Q1- ONGC/OVL/MRPL" (http://www.ongcindia.com/wps/wcm/con
nect/5b191428-a821-4096-9511-d9173d0e0705/Q1_FY14_ONGC_OVL_MRPL.pdf?MOD=AJ
PERES) (PDF). ONGC. August 2013. Archived (https://web.archive.org/web/20131110125545/
http://www.ongcindia.com/wps/wcm/connect/5b191428-a821-4096-9511-d9173d0e0705/Q1_F
Y14_ONGC_OVL_MRPL.pdf?MOD=AJPERES) (PDF) from the original on 10 November
2013. Retrieved 10 November 2013.
23. "ONGC LTD" (http://www.bseindia.com/stock-share-price/oil-and-natural-gas-corporation-ltd/on
gc/500312/). BSEindia.com. Archived (https://web.archive.org/web/20131109104353/http://ww
w.bseindia.com/stock-share-price/oil-and-natural-gas-corporation-ltd/ongc/500312/) from the
original on 9 November 2013. Retrieved 9 November 2013.
24. "Scripwise Weightages in S&P BSE SENSEX" (https://web.archive.org/web/20151201094728/
http://www.bseindia.com/indices/IndicesWatch_Weight.aspx?iname=BSE30&index_Code=16).
BSE India. Archived from the original (http://www.bseindia.com/indices/IndicesWatch_Weight.a
spx?iname=BSE30&index_Code=16) on 1 December 2015. Retrieved 9 November 2013.
25. "NTPC Limited" (http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/Get

Quote.jsp?symbol=ONGC). NSE India. Archived (https://web.archive.org/web/2013110910353
1/http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/GetQuote.jsp?symb
ol=ONGC) from the original on 9 November 2013. Retrieved 9 November 2013.
26. "Download List of CNX Nifty stocks (.csv)" (http://www.nseindia.com/content/indices/ind_niftylis
t.csv). NSE India. Archived (https://web.archive.org/web/20131013143407/http://www.nseindia.
com/content/indices/ind_niftylist.csv) from the original on 13 October 2013. Retrieved
9 November 2013.
27. "Shareholding Pattern as on 31 March 2013" (http://www.moneycontrol.com/company-facts/oil
naturalgascorporation/shareholding-pattern/ONG). MoneyControl.com. Archived (https://web.a
rchive.org/web/20131109105519/http://www.moneycontrol.com/company-facts/oilnaturalgascor
poration/shareholding-pattern/ONG) from the original on 9 November 2013. Retrieved
9 November 2013.
28. "ONGC Annual report 2016-17" (http://www.ongcindia.com/wps/wcm/PDF/AnnualReport/AR20
1617.pdf) (PDF). Archived (https://web.archive.org/web/20170901114807/http://www.ongcindi
a.com/wps/wcm/PDF/AnnualReport/AR201617.pdf) (PDF) from the original on 1 September
2017. Retrieved 1 September 2017.
29. "Microsoft most attractive employer in India: Survey" (https://web.archive.org/web/2013110920
1548/http://articles.timesofindia.indiatimes.com/2013-04-19/job-trends/38673303_1_employer-
branding-randstad-india-attractive-employer). The Times of India. 19 April 2013. Archived from
the original (http://articles.timesofindia.indiatimes.com/2013-04-19/job-trends/38673303_1_em
ployer-branding-randstad-india-attractive-employer) on 9 November 2013. Retrieved
10 November 2013.
30. "Corporate Social Responsibility (GPACSR)" (http://www.goldenpeacockawards.com/past-winn
ers/corporate-social-responsibility-gpacsr.html). goldenpeacockawards.com. Archived (https://
web.archive.org/web/20131109214342/http://www.goldenpeacockawards.com/past-winners/co
rporate-social-responsibility-gpacsr.html) from the original on 9 November 2013. Retrieved
26 June 2015.
31. "Occupational Health & Safety Award (GPOHSA)" (http://www.goldenpeacockawards.com/past
-winners/occupational-health-a-safety-award-gpohsa.html). goldenpeacockawards.com.
Archived (https://web.archive.org/web/20150627005126/http://www.goldenpeacockawards.co
m/past-winners/occupational-health-a-safety-award-gpohsa.html) from the original on 27 June
2015. Retrieved 26 June 2015.
32. "Forbes Global 2000: ONGC climbs 16 ranks to position at 155" (http://www.ongcindia.com/wp
s/wcm/connect/ongcindia/home/press_release/forbes+global+2000+ongc+climbs+16+ranks+to
+position+at+155). ONGC. 18 April 2013. Archived (https://web.archive.org/web/20131109221
646/http://www.ongcindia.com/wps/wcm/connect/ongcindia/home/press_release/forbes+global
+2000+ongc+climbs+16+ranks+to+position+at+155) from the original on 9 November 2013.
Retrieved 10 November 2013.
33. "Oil & Natural Gas" (https://www.forbes.com/companies/oil-natural-gas/). Forbes. 17 April
2013. Archived (https://web.archive.org/web/20131104051230/http://www.forbes.com/compani
es/oil-natural-gas/) from the original on 4 November 2013. Retrieved 10 November 2013.
34. "ONGC, IOC conferred Maharatna status" (http://www.business-standard.com/article/companie
s/ongc-ioc-conferred-maharatna-status-110111600258_1.html). Business Standard. 16
November 2010. Archived (https://web.archive.org/web/20131109213931/http://www.business-
standard.com/article/companies/ongc-ioc-conferred-maharatna-status-110111600258_1.html)
from the original on 9 November 2013. Retrieved 10 November 2013.
35. "Maharatna status for IOC, ONGC and NTPC" (http://www.thehindu.com/business/companies/
maharatna-status-for-ioc-ongc-and-ntpc/article890235.ece). The Hindu. 16 November 2010.
Archived (https://web.archive.org/web/20131110010551/http://www.thehindu.com/business/co
mpanies/maharatna-status-for-ioc-ongc-and-ntpc/article890235.ece) from the original on 10
November 2013. Retrieved 10 November 2013.
36. "FICCI announces the Winners of India Sports Awards for 2014" (http://news.biharprabha.com/
2014/02/ficci-announces-the-winners-of-india-sports-awards-for-2014/). IANS.
news.biharprabha.com. Archived (https://web.archive.org/web/20170804213812/http://news.bi
harprabha.com/2014/02/ficci-announces-the-winners-of-india-sports-awards-for-2014/) from
the original on 4 August 2017. Retrieved 14 February 2014.
37. "India's Most Trusted Brands 2014" (https://web.archive.org/web/20150502221904/http://www.t
rustadvisory.info/allindia_2014.html). Archived from the original (http://www.trustadvisory.info/al
lindia_2014.html) on 2 May 2015.
38. "Amar Ujala CSR Award" (http://www.amarujala.com/photo-gallery/india-news/amar-ujala-csr-a
ward-in-presence-of-central-minister-piyush-goyal). Amar Ujala. Archived (https://web.archive.
org/web/20171030181920/http://www.amarujala.com/photo-gallery/india-news/amar-ujala-csr-
award-in-presence-of-central-minister-piyush-goyal) from the original on 30 October 2017.
Retrieved 31 October 2017.
39. "CAG hauls up ONGC for giving oil rigs to RIL for free" (https://timesofindia.indiatimes.com/bus
iness/india-business/CAG-hauls-up-ONGC-for-hiring-RIL-drilling-rig-without-bidding/articlesho
w/16249407.cms). Times of India. 4 November 2012. Archived (https://web.archive.org/web/20
120907214811/http://timesofindia.indiatimes.com/business/india-business/CAG-hauls-up-ONG
C-for-hiring-RIL-drilling-rig-without-bidding/articleshow/16249407.cms) from the original on 7
September 2012. Retrieved 31 October 2018.
40. Mehdudia, Sujay (8 August 2013). "CAG pulls up ONGC for hiring rig from RIL without bids" (ht
tps://www.thehindu.com/business/Industry/cag-pulls-up-ongc-for-hiring-rig-from-ril-without-bids/
article5003648.ece#!). The Hindu. Archived (https://web.archive.org/web/20130811035427/htt
p://www.thehindu.com/business/Industry/cag-pulls-up-ongc-for-hiring-rig-from-ril-without-bids/a
rticle5003648.ece#!) from the original on 11 August 2013. Retrieved 31 October 2018.
41. "Auditors report" (https://tenders.ongc.co.in/wps/wcm/reportspdf/common/auditors08.pdf)
(PDF). www.tenders.ongc.co.in. ONGC. Retrieved 31 October 2018.
42. "Three ONGC employees 'abducted' in Assam, ULFA-I suspected" (https://indianexpress.com/
article/india/ongc-employees-abducted-assam-7282475/). The Indian Express. 21 April 2021.
Retrieved 21 April 2021.
43. "Ulfa abducts 3 ONGC personnel from Assam's Charaideo district - Times of India" (https://tim
esofindia.indiatimes.com/india/ulfa-abducts-3-ongc-personnel-in-assams-charaideo-district/arti
cleshow/82172941.cms). The Times of India. Retrieved 21 April 2021.
Further reading
"UPSTREAM INDIA Fifty Golden Years of ONGC" by ONGC group publications year 2006 is
official narrative of the history of ONGC.
Story of ONGC by I.A.Farooqi gives a historical account of Oil and Natural Gas Corporation
from its foundation to the year 2000.
External links
Official website (http://www.ongcindia.com/)
Retrieved from "https://en.wikipedia.org/w/index.php?title=Oil_and_Natural_Gas_Corporation&oldid=1075675257"
This page was last edited on 7 March 2022, at 02:37 (UTC).
Text is available under the Creative Commons Attribution-ShareAlike License 3.0;

additional terms may apply. By
using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the
Wikimedia Foundation, Inc., a non-profit organization.

Oil and Natural Gas Corporation

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Oil and Natural Gas Corporation

Uploaded by

Copyright:

Available Formats

3/22/22, 11:09 AM Oil and Natural Gas Corporation - Wikipedia

Oil and Natural Gas Corporation

In a survey by the government of India for fiscal year 2019–

2001 to present India (60.41%)[2]

Operations Number of 30,105 (2021)[3]

Awards and recognitions Subsidiaries Hindustan

Before the independence of India in 1947, the Assam Oil

After independence, the Central Government of India realized

Since its inception, ONGC has been instrumental in

Presence of ONGC Videsh Limited (OVL) in Latin America;

Brazil (Block BC-10, BM-SEAL-4, BM-BAR-1, BM-ES-42, BM-S-73 & S-74)

Presence of ONGC Videsh Limited (OVL) in CIS & Far-East;

Vietnam (Block 06.1, 127, 128)

Presence of ONGC Videsh Limited (OVL) in Africa;

Libya (Block NC-189, 81–1, Contract Area 43)

Presence of ONGC Videsh Limited (OVL) in Middle East;

(Al Furat (4 PSA), Block-XXIV)

ONGC Tripura Power Company

ONGC Petro Additions Limited

Products and services

Product-wise revenue breakup for FY 2016–17 (₹ billion):[22]

Listings and Shareholding

Shareholders (as on 31-Mar-2013) Shareholding[4]

Awards and recognitions

me/company/board_of_directors/cmd_functional_director/cmd) from the original on 25

25. "NTPC Limited" (http://www.nseindia.com/live_market/dynaContent/live_watch/get_quote/Get

Retrieved from "https://en.wikipedia.org/w/index.php?title=Oil_and_Natural_Gas_Corporation&oldid=1075675257"

This page was last edited on 7 March 2022, at 02:37 (UTC).

Text is available under the Creative Commons Attribution-ShareAlike License 3.0;

You might also like