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It was founded on 14 August 1956 by the Government of India. In November 2010, the Government of India conferred the Maharatna status to ONGC. In a survey by the Government of India for fiscal year 2019–20, it was ranked as the largest profit making Central Public Sector Undertaking (PSU) in India.
Legal status: Active: Head. Sanda Ojiambo, CEO & Executive ... CMD, ONGC, is the President of the Global Compact Network India for the term 2023-25 and is managed by ...
The oil operations are run by India's Oil and Natural Gas Corporation (ONGC). Mumbai High field was discovered by an Indo-Soviet oil exploration team operating from the seismic exploration vessel Academic Arkhangelsky [2] during mapping of the Gulf of Khambhat (earlier Cambay) in 1964–67, followed by a detailed survey in 1972. [2]
acquired by Oil and Natural Gas Corporation (ONGC) 24: Kamarajar Port: 2019: acquired by Chennai Port Trust: 25: North Eastern Electric Power Corporation Limited (NEEPCO) 2020: acquired by NTPC Limited: 26: Tehri Hydro Development Corporation: 2020: acquired by NTPC Limited (74.23%), Government of Uttarakhand (25.77%) 27: Mahanagar Telephone ...
The ONGC was also continuing its exploration in the Cauvery Basin and in Ramanathapuram area. As a result of the exploration, ONGC has been able to establish "production of oil @ 0.375 million tonnes per year and gas production @ 0.4 million cubic metres per day as on 1.1.2000", he said, quoting Ministerial figures.
The capex works out to nearly US$11 per barrel of oil equivalent (BOE) only for the total production of oil and gas. ONGC already has proved oil and gas reserves to the extent of 462.12 MMTOE at very low capex comparable with that of OPEC countries. [29] Oil fields in Rajasthan state are emerging as a major oil and gas producer.
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On July 27, 2005, a major fire struck ONGC's Mumbai High North offshore complex, located approximately 100 km (62 mi) off Mumbai, Maharashtra, India.The accident was the consequence of a collision between a support vessel and the production platform.