Tuesday, March 23, 2021

Oil Exploration Companies in India

 



Whenever we talk about Oil Exploration Companies in India, there is just one name which stands apart, and that name is ONGC India.

The name itself speaks for itself and talks volumes about Innovation, Leadership and Responsibility. Since its inception, in the words of Pandit JawaharLal Nehru, India's first Prime Minister, "Not only has India. Set up her own machinery for oil exploration... an efficient oil commission has been built where a large number of bright young men and women were been trained and they were doing good work".

With the continuous efforts by ONGC, one of the Oil Exploration Companies in India, on the production front, have yielded meaningful results. While its strong production growth of 4 to 5 per cent is essential to maintain its leadership in the nation’s hydrocarbon space and provide the country hydrocarbon security, ONGC aspires to increase its share in India’s hydrocarbon consumption from the current 22 per cent to 27 per cent by 2030. With a broader vision of the future  ONGC has set a target to double its Oil and Gas production from its domestic, as well as overseas fields by the year 2040. ONGC also plans to expand its refining capacity three-fold alongside diversification into renewables.

Our Contribution to the Nation

ONGC has been instrumental in transforming the country's limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. Our very own Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 75 per cent to Indian domestic production. ONGC is a global giant energy holding company, whose activities include, oil exploration, development, and production of crude oil and natural gas. Its sub segments include Exploration & Production (E&P), and Refining. With ONGC, we can be certain that the nation’s precious energy resources are safe and secure. ONGC with the responsibility of finding and accreting oil and gas reserves, strives to make India self reliant when it comes to energy resources.

Success with Innovations

ONGC’s quest for energy goes deeper than setting new benchmarks in deep-water drilling in the Krishna Godavari Basin or finding new frontiers of energy. Global decline in crude prices notwithstanding, we have taken significant investment decisions diligently and aggressively, reversing the production trend in offshore. And now we are venturing into deeper offshore plays in our quest for energy security. It is this journey that has placed us among Fortune “World’s Most Admired Companies”. As an Oil Exploration Companies in India, ONGC has successfully made 23 new discoveries in FY'17, this is an outstanding 35% jump in a number of discoveries year-on-year, from 17 discoveries made in the previous year, reinforcing its position in the industry as a leader in Oil Exploration Companies in India. Not only this, ONGC is also one of the largest E&P Company in India.

The Saga Continues

With many state if the art technologies developed In House, ONGC truly stands by its mission of “Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people”. Over the years, ONGC has bagged countless prestigious awards like, SKOCH Silver Award for Response to COVID-19,FIPI Best Project Management Company,IPSHEM conferred Greentech Environment Award 2020, SCOPE Meritorious Award for “Good Corporate Governance, Global Environment Award 2020,Great Place to work, Best Innovative Practices for Women at Workplace, and these are just some of the names of the prestigious awards which ONGC continues to win. As an Oil Exploration Companies in India and with a Global vision of “"To build and nurture a world class Human capital for leadership in energy business", ONGC truly outshines any other business unit.  Known for its reputation of teamwork, integrity, accountability and innovations, ONGC has made the nation proud globally.  At ONGC the core business involves managing risk day in and day out in all operations and therefore it is our responsibility to safeguard our people property and environment.

We Care For Our Planet

ONGC has always ensured that it protects and cares for the environment. It demonstrates its proactive environmental management through its integrated Health, Safety & Environment (HSE) Policy formulated in 1983.

At ONGC we perform our business as per the integrated HSE policy with its slogan as "All Accidents are Preventable". ONGC is also working on a company-wide "Sustainable Water Management Strategy" aimed at reduction in specific fresh water consumption and reporting on the water footprint based on internationally recognised standards and practices. With a clear vision and eyes sent on the future, every ONGCian contributes to the prosperity and the safety of nation.

Conclusion

ONGC is a Maharatna company with a global vision and noble mission. ONGC offers a diverse and an exciting approach towards the human development which puts them at the driver's seat and is therefore the best energy company to work for in India. It being the largest E&P Company with a manpower of over 30,000 energy soldiers, are dedicated to the common cause of Energy Security of our nation.

True to the ONGC Brand of being the best oil and gas company to work for in India, our institution values commitment, dedication, integrity and sincerity are embedded in every ONGCian. In addition to generous social support system which not only takes care of the employees but also their families.As ONGC grows at a fast pace, we invite you to join hands with us in our journey to even greater success and build a rewarding career.

Oil Exploration Companies in India

  Whenever we talk about Oil Exploration Companies in India, there is just one name which stands apart, and that name is ONGC India . The na...