Oil and Natural Gas Corporation Ltd Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of Oil and Natural Gas Corporation Ltd?

Oil and Natural Gas Corporation Ltd (ONGC) is India’s biggest oil and gas exploration and production company. It plays a vital role in the country’s energy sector. The government owns ONGC and handles all parts of the oil and gas industry, including exploration, production, refining, and marketing. Here’s a simple overview of ONGC’s products and services:

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1- Exploration and Production (E&P)

• Oil Exploration and Production: ONGC mainly explores and extracts crude oil. It works in both onshore and offshore fields and plays a big role in India's oil production.
• Natural Gas Exploration and Production: The company explores and produces natural gas, which, along with oil, is important for industries, electricity generation, and homes.
• Coal Bed Methane (CBM): ONGC extracts methane, a type of natural gas, from coal seams.
• Shale Gas and Oil Exploration: The company explores unconventional energy sources, such as shale gas and oil.

2- Refining and Marketing

• Crude Oil Refining: Through its subsidiaries, ONGC refines crude oil into petroleum products such as gasoline, diesel, jet fuel, and lubricants.
• Petroleum Product Marketing: ONGC's subsidiaries, like Hindustan Petroleum Corporation Ltd (HPCL), sell petroleum products throughout India. HPCL has an extensive network of retail outlets for fuel, lubricants, and other petroleum items.

3- Petrochemicals

• ONGC operates in the petrochemical industry through its subsidiary, ONGC Petro Additions Limited (OPaL). For various industries, Opal makes different petrochemicals, such as plastics, polymers, and chemicals.

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4- Power Generation

• The company runs several gas power plants that produce electricity. These plants use natural gas from ONGC's production sites, helping to supply energy to the country.

5- Renewable Energy

• Wind and Solar Power: ONGC expand its renewable energy portfolio. It has invested in wind and solar power projects to help India achieve its clean energy goals.
• Geothermal Energy: The company is investigating geothermal energy as a possible renewable resource, but this is still in the early stages.

6- Transportation of Oil and Gas

• ONGC transports crude oil and natural gas through pipelines. Its large network of pipelines links its production sites to refineries and distribution centers.

7- Value-Added Services

• Oilfield Services: ONGC offers oilfield services like drilling, well testing, and well completion for itself and other companies. It has subsidiaries, including ONGC Videsh Ltd, which looks for opportunities in different countries.
• Offshore and Onshore Logistics: The company handles moving equipment, materials, and people to remote and offshore drilling sites.

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8- International Operations

• ONGC, through its subsidiary ONGC Videsh Ltd, has expanded its exploration and production activities worldwide. It owns shares in oil and gas projects in Russia, Vietnam, Sudan, Brazil, and the Middle East.

9- Other countries and Development (R&D)

• The company invests heavily in research and development to improve its exploration and production skills, create new technologies, and boost energy efficiency. It also aims to adopt sustainable practices and lessen the environmental impact of its oil and gas operations.

10- Environmental and Social Responsibility Initiatives

• ONGC runs Corporate Social Responsibility (CSR) projects in education, healthcare, rural development, and environmental conservation. To lower its carbon footprint, it focuses on sustainable practices in oil and gas exploration and production.

Q2. Who are the Promoters/Management of Oil and Natural Gas Corporation Ltd?

The promoter shareholding of Oil & Natural Gas Corporation Ltd is 58.893%. Arun Kumar Singh is the Chairman and CEO of Oil & Natural Gas Corporation Ltd. he has over 36 years of experience in the oil and gas industry.

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