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Oil and Natural Gas Corporation Ltd Company Profile |
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Re: oil and natural gas corporation ltd company profile
Oil and Natural Gas Corporation Limited explores, develops, and produces crude oil and natural gas in India and internationally. It operates through Exploration & Production, and Refining segments. It is also involved in the refining and processing of crude oil and natural gas; provision of oil field services; transportation of the oil and natural gas; and production of value added products, such as liquefied petroleum gas, naphtha, superior kerosene oil, low sulphur high stock, aviation turbine fuel, ethane, propane, high speed diesel, and petrochemicals. Global Ranking • It is ranked as the Top Energy Company in India, 5th in Asia and 20th globally as per Platts Top 250 Global Energy Rankings, 2016; Maintains place as World's 3rd ranked E&P Company in the list. • Ranked 464 in the Newsweek Green Rankings World's Greenest Companies 2016 • Ranked 14th among global Oil and Gas Operations industry in Forbes Global 2000 list, 2016 of the World's biggest companies for 2016; Ranked 220 in the overall list, 2016 - based on Sales (US$ 26..1billion), Profits (US$ 3 billion), Assets (US$ 57.3 billion) and Market Value (US$ 27.8. billion). • Ranked 26 in 'Transparency in Corporate Reporting' among the world's 124 largest listed companies published by Transparency International, 2014(Up from 39 in 2012) Operations ONGC's operations include conventional exploration and production, refining and progressive development of alternate energy sources like coal-bed methane and shale gas. Its 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. 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. 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" |
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