ONGC Represents India’s Energy Security

ONGC has single-handedly scripted India’s hydrocarbon saga by:
  • Establishing 7.38 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 2.60 Billion Metric tonnes (BMT) of Oil Plus Oil Equivalent Gas (O+OEG).
  • Cumulatively produced 851 Million Metric Tonnes (MMT) of crude and 532 Billion Cubic Meters (BCM) of Natural Gas, from 111 fields.
  • ONGC has bagged 121 of the 235 Blocks (more than 50%) awarded in the 8 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian Government.
  • ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 33 Oil & Gas projects (9 of them producing) in 15 countries, i.e. Vietnam, Sudan, South Sudan, Russia, Iraq, Iran, Myanmar, Libya, Cuba, Colombia, Nigeria, Brazil, Syria, Venezuela and Kazakhstan.

0 comments:

Please post your thoughts and queries for ONGC Represents India’s Energy Security

This Might Help Your ONGC Exam Preparations