Oil & Natural Gas Corpn Ltd

HSL Code: OILNAT | BSE Code: 500312 | NSE Symbol: ONGC | ISIN: INE213A01029

More than 50 years success in oil and gas market is a record of work by Oil and Natural Gas Corporation Limited (ONGC). It was started in the season of 1956 as a private market organization. Later, in the season 1993 the organization was came to known as Community Sector Company. ONGC`s regular actions offers with discovery, development and manufacturing of Raw Oil, Organic Gas, LPG and some other value included oil products such as NGL, C2-C3, Fragrant Wealthy Naphtha and Oil. The organization going along with two of its creases namely ONGC Videsh Limited (OVL) and Mangalore Refinery & Petrochemicals Limited (MRPL) and ten of Combined Ventures/Associates. ONGC`s Sinks are completely seven in figures, European Worldwide Sink (Mumbai & Baroda), KG Sink (Rajahmundry), Cauvery Sink (Chennai), Assam & Assam-Arakan Sink (Jorhat), CBM-BPM Sink (Kolkata) and Forntier Sink (Dehradun) and ONGC has two vegetation located in Uran and Hazira.

The organization includes five areas such as Mumbai, Baroda, Nazira, Chennai and Kolkata and ONGC running 11 institutions for different expertise in different places. During Goal 1999, ONGC, Indian Oil Organization (IOC) and Gas Power of Indian Limited (GAIL) both of three made the decision to have combination having in each other`s stock to create Long-term ideal partnership amongst themselves for the household and overseas businesses in the power value sequence.

 The ONGIO Worldwide Pvt Ltd was incorporated in the season 2001 as 50:50 partnership tasks with Indian Oil Organization Ltd with aim of offering Training, Company & Services in Hydrocarbon Sector and later organization has made the decision to end up ONGIO due to loss. During 2001-02 the enhance restoration from onshore areas of 13 tasks 2 were resourcefully requested. By the end of the same season 2001-02 the organization `s extra device ONGC Videsh Ltd started its professional manufacturing of gas. In the season of 2004 ONGC started Phase-I of a collaborative project on CBM in Jharia Area and efficiently finished the same in 2005.

During 2004-05 the organization found its third deep-water discovery strategy `Sagar Samriddhi` in Krishna-Godavari (KG) Sink at the location Vashistha (VA-1A) in prevent KG-OS-DW-IV. In the western offshore a shallow-water oil and gas was documented in D-33, about 60 Miles South-West of Mumbai Great, Onshore, Oil and Gas was found in Tiphuk-1 in Northern Assam Display and Oil were hit at Wamaj in Cambay Sink. Worldwide, four new Systems (2 Well Systems, 1 Procedure Systems and 1 Clamp-on) were commissioned for improving manufacturing. New footwear sewer lines are being laid sub-sea from Mumbai Great Area to City Oil and Gas handling service.

In Goal 2005 ONGC released its retail outlet promotion company with commissioning of its first auto fuels store at Mangalore under the brand `ONGC Values` and `Shopp`njoy` for energy and non-fuel company respectively. The organization has also obtained approval/license from the Govt for promotion of non-subsidised LPG food preparation gas, Oil and Aircraft refuelling sales. Tripura Energy Development Company Pvt Ltd (TPDCL) was incorporated to set up a gas-based power-generating project in Tripura. TPDCL has been relabeled as ONGC Tripura Energy Company Pvt Ltd after the control. In the same season the organization has joined into various alliances in way of performance of Memorandum of Knowing with Kakinada Seaport & IL&FS with 26% value share for development of Slot centered SEZ at Kakinada, Andhra Pradesh. During the season 2006 the organization was granted 60 out of 110 discovery prevents by the Govt in the five NELP units. Out of these 60 NELP Blocks 35 are by means of unincorporated joint tasks and staying prevents are company`s 100% taking part attention. For the benefit of its excellent show, the organization has obtained numerous prizes every season.

The features are NDTV Benefit Business Power Prize, Motilal Oswal CNBC TV18 Greatest Prosperity Designer of Indian for the period of 2001-06, Fantastic Peacock Prize 2006 for Business Government in PSU classification, is this award has been conferred to the organization consistently. Dun & Bradstreet-American Show Business Awards 2006 in the oil and gas discovery market and Greentech Silver Safety Prize in oil market apart from this, the organization detailed and rated in Indian stage also in international stage by various test candidates. ONGC coming into the electrical power section with a Rs 1,200 crore-plus financial commitment to produce 200 mw of breeze power for attentive use and the country`s biggest field, is all set to produce an extra 20.7 thousand loads of oil and 3.32 billion dollars cubic metre (bcm) of gas with an financial commitment of about Rs 5,713 crore in Mumbai Great, the project envisages exploration of 86 infill water wells. Five new wellhead platforms and six clamp-on components are also organized.

A new process system link linked with the current process complicated ICP in Mumbai Great Southern is suggested to deal with the extra manufacturing. ONGC have future improvement programs in all market under the organization, in that the development programs includes to create Deep/Ultra Deepwater field and circulation guarantee issues, removal by Tornado Technological innovation to produce about 16 TPD of condensate is designed. Further, from the condensate fractionation plan, manufacturing of about 1077 TPA of LPG and 3516 TPA of Naphtha is organized at shore of Rs.30.21 crores. Under the Drilling, ingredients of polyamines improved Great Performance H2o Based Mud (HPWBM) system and incorporated cementing alternatives for HPHT Oil and Gas Wells and some other programs in above said groups and under in Technological innovation. The organization being set up Rajiv Gandhi Urja Bhawan in Delhi for natural research in Different Energy Resources.

As on may 2008, part of the ideal partnership effort, the ONGC suggested task of taking part attention to BG Exploration and Production Indian Limited (BGEPIL), a 25 % taking part attention in its Mahanadi basin strong water prevent, MN-DWN-2002/2. In Dec 2009, the organization joined into two wide allowing contracts with Iranian regulators for contribution in development of gas areas and liquefaction features in Iran, in come back for confident lowest 6 thousand tonne LNG yearly on lengthy lasting foundation. In addition, ONGC Videsh joined into a non-unique memorandum of understanding (MOU) to discover the opportunities of together learning and if mutually made the decision, to join in eye-catching oil and gas resources in Russian federation and third nations.

 In July 2010, Turn invisible Ventures Ltd joined into a Combined Study Contract (JSA) with the organization to assess growing Non-traditional Source performs and opportunities in Indian . The purpose of the JSA is to recognize the unconventional resource performs within Indian , and a higher concern has been given by both events, to recognize high development information shale gas and CBM leads, on the reasons for the large data source available within ONGC. In

Dec 2010, the company`s extra, ONGC Videsh Ltd finalized a Structure Contract on Collaboration in Hydrocarbon Sector in Delhi with Sistema, a public financial corporation in Russian federation and CIS. The Govt of Indian has made the decision to disinvest 5% paid up value investment of ONGC out of Govt shareholding.