ONGC Strategic Vision: 2001-2020

To focus on core business of E&P, ONGC has set strategic objectives of:

• Doubling reserves (i.e. accreting 6 billion tonnes of O+OEG).
• Improving average recovery from 28 per cent to 40 per cent.
• Tie-up 20 MMTPA of equity Hydrocarbon from abroad by 2018.
• Accrete 1 Billion tonnes of resources from unconventional sources of energy.

The focus of management will be to monetise the assets as well as to assetise the money.