Address: Jeevan Bharti, Tower II, 124, Indira Chowk, New Delhi - 110 001,India
Company descriptionONGC has single-handedly scripted India’s hydrocarbon saga by:
• Establishing 6.89 billion tonnes of In-place hydrocarbon reserves with more than 300 discoveries of oil and gas; in fact, 6 out of the 7 producing basins have been discovered by ONGC: out of these In-place hydrocarbons in domestic acreages, Ultimate Reserves are 2.42 Billion Metric tonnes (BMT) of Oil Plus Oil Equivalent Gas (O+OEG).
•Cumulatively produced 803 Million Metric Tonnes (MMT) of crude and 485 Billion Cubic Meters (BCM) of Natural Gas, from 111 fields.
•ONGC has bagged 120 of the 238 Blocks (more than 50%) awarded in the 8 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian Government. ONGC has bagged 17 out of 31 blocks awarded in NELP round VIII (14 as operator).
• ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 40 Oil & Gas projects (9 of them producing) in 15 countries, i.e. Vietnam, Sudan, Russian Federation, Iraq, Iran, Myanmar, Libya, Cuba, Colombia, Nigeria, Nigeria Sao Tome JDZ, Egypt, Brazil, Syria and Venezuela. OVL had invested around Rs 50,000 Crores (Approx 10 billion US dollars).
Products and servicesAll crudes are sweet and most (76%) are light, with sulphur percentage ranging from 0.02-0.10, API gravity range 26°-46° and hence attract a premium in the market.
Strong intellectual property base, information, knowledge, skills and experience
Maximum number of Exploration Licenses, including competitive NELP rounds. ONGC has bagged 120 of the 238 Blocks awarded in the 8 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian Government. ONGC has begged 17 out of 31 blocks awarded in NELP round VIII(14 as operator).
ONGC owns and operates more than 22000 kilometers of pipelines in India, including nearly 4500 kilometers of sub-sea pipelines. No other company in India, operates even 50 per cent of this route length.