Introduction

ONGC Videsh Limited, a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE) of the Government of India under the administrative control of the Ministry of Petroleum & Natural Gas, is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India. The primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas. ONGC Videsh owns Participating Interests in 37 oil and gas assets in 17 countries and produced about 30.3% of oil and 23.7% of oil and natural gas of India’s domestic production in 2019-20. In terms of reserves and production, ONGC Videsh is the second largest petroleum company of India, next only to its parent ONGC.

Vision

To be a world-class exploration and production company providing energy security to the country.

Objectives

• To support India’s energy security
• To build balanced portfolio of exploration, discovered and producing assets in focus countries
• To build a team that excels in performance through assimilation of best practices and technologies
• To be at par with the best international oil and gas companies
• Be the strongest Indian Player in the international E&P
• Build collaborative relations with partners