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Oil & Natural Gas Corporation (ONGC) is into exploration and production of oil and gas, both onshore and offshore. It was set up in 1956 and converted into a public limited company on June 23, 1993.
The company has established 6.42 billion tons of in-place hydrocarbon reserves with more than 300 discoveries of oil and gas. It has cumulatively produced 762.3 million metric tons (MMT) of crude and 440.7 billion cubic meters (BCM) of natural gas from 115 fields. ONGC has more than 15,800 Km of pipelines in India, including nearly 3,800 Km of sub-sea pipelines, and has 240 onshore production installations and 147 offshore well platforms. It ranks as the numero uno oil and gas exploration and production company in Asia as per Platts 250 global energy companies list for the year 2007. ONGC Videsh Limited, its overseas arm, has several projects in Russia, Iran, Sudan, Vietnam, Columbia and Nigeria, among other countries.
ONGC has planned a Rs 77.5 billion revamp of onshore pipelines and installations and approved a Rs 23.5 billion investment in Assam. It registered five oil and gas discoveries on the East Coast and Northeast in May 2007. ONGC aims to produce 25 million metric standard cubic meters per day of gas from the Krishna Godavari basin by 2012-2013 from the estimated available 6 trillion cubic feet of gas reserves. It signed a feedstock supply agreement with Brahmaptura Cracker and Polymer (BCPL) for the Assam gas cracker plant being set up in Lepetkata, Dibrugarh and a memorandum of understanding with British Pertoleum to jointly undertake oil and gas exploration and production projects in India and abroad. An agreement with Hindustan Petroleum Corporation (HPCL) enables its Tatipaka refinery and MRPL (subsidiary) to supply petroleum products to HPCL. The company`s registered office is at Jeevan Bharti Building, Tower-II, 124, Indira Chowk, New Delhi-110001.
The company has established 6.42 billion tons of in-place hydrocarbon reserves with more than 300 discoveries of oil and gas. It has cumulatively produced 762.3 million metric tons (MMT) of crude and 440.7 billion cubic meters (BCM) of natural gas from 115 fields. ONGC has more than 15,800 Km of pipelines in India, including nearly 3,800 Km of sub-sea pipelines, and has 240 onshore production installations and 147 offshore well platforms. It ranks as the numero uno oil and gas exploration and production company in Asia as per Platts 250 global energy companies list for the year 2007. ONGC Videsh Limited, its overseas arm, has several projects in Russia, Iran, Sudan, Vietnam, Columbia and Nigeria, among other countries.
ONGC has planned a Rs 77.5 billion revamp of onshore pipelines and installations and approved a Rs 23.5 billion investment in Assam. It registered five oil and gas discoveries on the East Coast and Northeast in May 2007. ONGC aims to produce 25 million metric standard cubic meters per day of gas from the Krishna Godavari basin by 2012-2013 from the estimated available 6 trillion cubic feet of gas reserves. It signed a feedstock supply agreement with Brahmaptura Cracker and Polymer (BCPL) for the Assam gas cracker plant being set up in Lepetkata, Dibrugarh and a memorandum of understanding with British Pertoleum to jointly undertake oil and gas exploration and production projects in India and abroad. An agreement with Hindustan Petroleum Corporation (HPCL) enables its Tatipaka refinery and MRPL (subsidiary) to supply petroleum products to HPCL. The company`s registered office is at Jeevan Bharti Building, Tower-II, 124, Indira Chowk, New Delhi-110001.
