[nilesh]

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Hii sir, I Wants to get the Information About the ONGC Videsh Overseas Division Of Oil And Natural Gas Corporation ?

[Vishal Kotkar]

As you Asking for the Information About the ONGC Videsh Overseas Division Of Oil And Natural Gas Corporation the Information is given below

ONGC Videsh Ltd. (‘OVL’) a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE) of the Government of India under the administrative control of the Ministry of Petroleum & Natural Gas is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC),

Assets

ONGC Videsh has stake in 37 oil and gas projects in 17 Countries, Viz.
Vietnam (2 projects), Russia (3 projects), Sudan (2 projects), South Sudan (2 projects), Iran (1 project), Iraq (1 project), Libya (1 project), Myanmar (4 projects), Syria (2 projects), Brazil (2 projects), Colombia (8 projects), Venezuela (2 projects), Kazakhstan (1 project), Azerbaijan (2 projects), Mozambique (1 Project), Bangladesh (2 Projects) and New Zealand (1 Project)

Performance

ONGC Videsh is the first Indian Company to produce equity oil and gas abroad. ONGC Videsh’s production started in 2002-03 with commencement of production of Block 06.1 in Vietnam in January 2003 and from Greater Nile Oil Project in Sudan in March 2003, aggregating a meagre 0.25 MMToe in FY’03.


With sustained growth in production from its acquired assets, ONGC Videsh registered the highest production of 9.448 MMtoe in 2010-11. This was followed by 8.753 MMTOE achieved in 2011-12.