The Company's subsidiaries include ONGC Videsh Limited (OVL), Mangalore Refinery and Petrochemicals Limited (MRPL) and ONGC Mangalore Petrochemicals Limited. The Polymer plants of OPaL has 2X360 KTPA of LLDPE/HDPE Swing unit, 1X340 KTPA of Dedicated HDPE and 1x340 KTPA of PP. ONGC Videsh discovers oil in Colombia. India Its registered office is at New Delhi, India. It is involved in exploring for and exploiting hydrocarbons in 26 After independence, the Central Government of India realized the importance of Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources 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. The act further outlined the activities and steps to be taken by ONGC in fulfilling its mandate.Since its inception, 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.
It is the largest oil and gas exploration and production company in the country. The OMPL complex spans 442 acres of land in MangaloreSpecial Economic Zone (SEZ). Venezuela starts clearing ONGC Videsh Ltd's $449 million dues. The project cost was estimated at ₹ 5750 crores. Both the wells are under production now.In the Brazilian block, operator Petrobras completed drilling of the well Moita Bonita-2 in the deep offshore of the Moita Bonita Area (block BM-SEAL-4) at a water depth of 2,629 metres and encountered gas bearing sand of total thickness of 39 metres at the depth of 5,227 metres and oil bearing sand of total thickness of 24 metres at deeper depths. It was rechristened on 15 June 1989. Iran gave ONGC four blocks and Malaviya visited Milan and Bartlseville to request ENI and Phillips Petroleum to join as partners in the Iran venture. Oil and Natural Gas Corporation Limited’s (ONGC) wholly-owned subsidiary and overseas arm, ONGC Videsh Ltd, on Wednesday said it has made an oil discovery in Colombia and found natural gas in Brazil.“ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin,” the state-run company said in a statement.The company is the operator in CPO-5 block in Colombia with 70% stake. Venezuela stops payment of oil dues to ONGC Videsh The Company's geographical segments include operations in two categories: In India, which includes Onshore and Offshore, and Outside India. The ONGC Videsh Ltd.-Bond has a maturity date of 5/7/2023 and offers a coupon of 3.7500%.
ONGC Videsh Ltd. signed an MoU with the Indonesian Oil Company, Pertamina.
With this objective, an Oil and Natural Gas Directorate was set up towards the end of 1955, as a subordinate office under the then Ministry of Natural Resources and Scientific Research. During the financial year ended 31 March 2017, ONGC Group produced 61.60 million tonne of oil and oil equivalent gas (mmtoe). The main functions of the Oil and Natural Gas Commission subject to the provisions of the Act were "to plan, promote, organize and implement programs for development of Petroleum Resources and the production and sale of petroleum and petroleum products produced by it, and to perform such other functions as the Central Government may, from time to time, assign to it ". ONGC Videsh serves customers worldwide. 36,915 Crore.
It also has 2 CCRs producing Unleaded Petrol of High Octane. 1.65% of its shares.As on 31 March 2017, the company has 33,600 employees, out of which 2,208 are women (6.57%) and 245 are employees with disabilities (0.73%).Despite being owned by the Government of India, ONGC has repeatedly been found not claiming its rightful payments from private players, especially for the use of oil fields, oil rigs and concessions.Information updated as of January, 2020 by Department of Public Enterprises • 5,050 crore in ONGC's operations include conventional exploration and production, refining and progressive development of alternate energy sources like coal-bed methane and shale gas.It is an oil refinery at Mangalore. The Company's business spread include various areas, such as oil field services, transportation of the oil and natural gas, and production of value-added products, such as Liquefied Petroleum Gas (LPG), Naphtha, Refining, Petrochemicals, Power, unconventional and alternate sources of energy.
New Delhi, 110070 May 02, … ONGC Videsh makes two new oil discoveries in Colombia, Brazil. 5, Nelson Mandela Marg The Company's oil and gas reserves are located internationally at Russia, Colombia, Vietnam, Brazil and Venezuela.
It is 14 km away from the New Mangalore Port and about 15 km from Mangalore International Airport.
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