Minister Hardeep Singh reviewed performance & future plans of ONGC

May 04,2022

Minister Hardeep Singh reviewed performance & future plans of ONGC

Union Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri reviewed the performance & future plans of ONGC Limited, India’s largest crude oil & natural gas company.

New Delhi: Union Minister of Petroleum and Natural Gas Shri Hardeep Singh Puri reviewed the performance & future plans of ONGC Limited, India’s largest crude oil & natural gas company, contributing around 71% to India’s domestic oil production in a meeting with senior management of the company.

Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL, HPCL and MRPL (Last two are subsidiaries of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas LPG.

ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. Winner of the Best Employer award, this public sector enterprise has a dedicated team of around 28,500 professionals who toil round the clock in challenging locations.

ONGC Videsh Limited, 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), the flagship national oil company (NOC) of India.

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.

ONGC Videsh owns Participating Interests in 35 oil and gas assets in 15 countries and produced about 30.3% of oil and 23.7% of oil and natural gas of India’s domestic production. In terms of reserves and production, ONGC Videsh is the second largest petroleum company of India, next only to its parent ONGC.