ONGC VIDESH LTD
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
projectsofme
Active In SP
**

Posts: 1,124
Joined: Jun 2010
#1
09-10-2010, 11:13 AM



.doc   LIQUIFIED NATURAL GAS.doc (Size: 624 KB / Downloads: 104) COMPANY OVERVIEW
ONGC Videsh Limited (OVL) is a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC) - the flagship national oil company of India. The primary business of OVL is to prospect for oil and gas acreages abroad including acquisition of oil and gas fields, exploration, development, production, transportation and export of oil and gas. Incorporated as Hydrocarbons India Private Limited on March 5, 1965 and rechristened as ONGC Videsh Limited on June 15, 1989, OVL, over a period of time has grown to become the second-largest E&P company in India both in terms of oil production and oil and gas reserve holdings.
ONGC Videsh Limited (OVL) is an upstream oil and gas company. OVL is also carrying other business operations like construction activities. The company’s operation present across Asia Pacific, Middle East, Africa and Latin America. It is headquartered in New Delhi, India. The company is also carrying its business operations along with subsidiaries namely ONGC Nile Ganga BV, ONGC Narmada Limited, ONGC Amazon Alaknanda Limited.
Starting with the exploration and development of the Rostam and Raksh oil fields in Iran and undertaking a service contract in Iraq, a major breakthrough was achieved by OVL in 1992 in Vietnam with the discovery of two major free gas fields, namely LanTay and LanDo, in partnership with British Petroleum and Petro-Vietnam. The success carried on thereafter. In 2001, OVL acquired 20% stake in Sakhalin-1 project and implimentation in the far east of Russia with an investment of over USD 2.1 billion – the single largest Foreign Direct Investment made by an Indian company at that time.

The company, adopting a balanced portfolio approach, maintains a combination of producing, discovered and exploration assets, working as operator in 18 project and implimentations and joint operator in 2 project and implimentations. OVL produces hydrocarbons from its 7 assets, namely, Russia (Sakhalin-I), Syria (Al-Furat Project), Vietnam (Block 06.1), Colombia (Mansarover Energy Project), Sudan (Greater Nile Oil Project and Block 5A) and Venezuela (San Cristobal Project). Balance 5 project and implimentations are in development phase and 25 are in the exploration phase.

OVL’s international oil and gas operations produced 8.802 MMT of O+OEG in 2007-08 as against 0.252 MMT of O+OEG in 2002-03. Today, OVL’s cumulative investment overseas has crossed USD 7.5 billion.

While OVL participates and operates in varied environments – both political and geographical, it is committed to the highest standards of Occupational Health, Safety and Environment protection and compliance to all applicable local laws and regulations. Understanding well its Corporate Social Responsibility, OVL makes valuable contributions to the communities and economies in which it operates by investing in education and training, improving employment opportunities for nationals, and providing medical, sports and/or agricultural facilities, besides payment of tax revenues to local governments.

Some of the leading alliance partners of OVL are BP, CNPC, Ecopetrol, ENI, Exxon, Norsk Hydro, PDVSA, Petrobras, Petronas , Petrovietnam, Repsol, Rosneft, Shell, Sinopec, Total and TPOC.
Reply

Important Note..!

If you are not satisfied with above reply ,..Please

ASK HERE

So that we will collect data for you and will made reply to the request....OR try below "QUICK REPLY" box to add a reply to this page

Quick Reply
Message
Type your reply to this message here.


Image Verification
Please enter the text contained within the image into the text box below it. This process is used to prevent automated spam bots.
Image Verification
(case insensitive)

Possibly Related Threads...
Thread Author Replies Views Last Post
  seeking for the project report on JK Lakshmi Cement Ltd. Guest 1 80 05-07-2016, 03:44 PM
Last Post: jaseela123
  HINDUSTAN ZINC LTD., DARIBA MINE PPT study tips 2 1,765 18-09-2014, 04:11 PM
Last Post: Radhika.m
  Presentation On Marketing Mix and Logistics Constraints of Usha Martin Ltd. ppt seminar projects maker 1 976 07-10-2013, 12:00 PM
Last Post: romavia
  MANAGEMENT OF WORKING CAPITAL AND EXPENSE ANALYSIS AT PAM PAC MACHINES PVT. LTD seminar projects maker 0 647 30-09-2013, 04:53 PM
Last Post: seminar projects maker
  A presentation on Cost Accounting System for IRCON INTERNATIONAL LTD seminar projects maker 0 431 13-09-2013, 12:04 PM
Last Post: seminar projects maker
  Priganik Technologies Pvt. Ltd seminar projects maker 0 416 12-09-2013, 04:21 PM
Last Post: seminar projects maker
  A Study on employee Skill Matrix at Infastech Fastening TechnologiesIndia Pvt. Ltd seminar projects maker 0 488 11-09-2013, 01:01 PM
Last Post: seminar projects maker
  SIGMA HEAVY ENGINEERINING LTD. study tips 0 386 27-08-2013, 04:44 PM
Last Post: study tips
  SUMMER TRAINING PROJECT REPORT - India Yamaha Motor Pvt. Ltd. project girl 3 3,633 27-08-2013, 09:44 AM
Last Post: study tips
  The Shipping Corporation of India Ltd. study tips 0 359 24-08-2013, 04:29 PM
Last Post: study tips