• ONGC ranks as the Numero Uno Oil & Gas Exploration & Production (E&P) Company in the world, as per Platts 250 Global Energy Companies List for the year 2008 based on assets, revenues, profits and return on invested capital (ROIC).

• ONGC ranks 20th among the Global publicly-listed Energy companies as per ‘PFC Energy 50” (Jan 2008)

• ONGC is the only Company from India in the Fortune Magazine’s list of the World’s Most Admired Companies 2007.

• Occupies 152nd rank in “Forbes Global 2000” 2009 list (up 46 notches than last year) of the elite companies across the world; based on sales, profits, assets and market valuation during the last fiscal. In terms of profits, ONGC maintains its top rank from India.

• ONGC ranked 335th position as per Fortune Global 500 - 2008 list; up from 369th rank last year, based on revenues, profits, assets and shareholder’s equity. ONGC maintains top rank in terms of profits among seven companies from India in the list.

 

ONGC has single-handedly scripted India’s hydrocarbon saga by:

• Establishing 6.61 billion tonnes of In-place hydrocarbon reserves with more than 300 discoveries of oil and gas; in fact, 6 out of the 7 producing basins have been discovered by ONGC: out of these In-place hydrocarbons in domestic acreages, Ultimate Reserves are 2.36 Billion Metric tonnes (BMT) of Oil Plus Oil Equivalent Gas (O+OEG).

• Cumulatively producing 788.273 Million Metric Tonnes (MMT) of crude and 463 Billion Cubic Meters (BCM) of Natural Gas, from 111 fields.

• ONGC has bagged 85 of the 162 Blocks (more than 50%) awarded in the 6 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian Government.

• ONGC’s wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 44 Oil & Gas projects (7 of them producing) in 18 countries, i.e. Vietnam, Sudan, Russia, Iraq, Iran, Myanmar, Libya, Cuba, Colombia, Nigeria, Nigeria Sao Tome JDZ, Egypt, Brazil, Congo, Turkmenistan, Syria, Venezuela and United Kingdom. OVL has a committed overseas investment of over 5 billion US dollars.

• Ranked as the most respected Public Enterprise in India in 2007 “Business World Survey, with 19th position in the league of the most-respected Indian Corporate(s).

• Rated ‘Excellent’ in MOU Performance Rating for 2006-07 by the Department of Public Enterprises, Ministry of Heavy Industries in Public Enterprises, GOI.

• Oil Industry Safety Directorate (OISD) has selected Ahmedabad Asset and MRPL for the year 2006-07 (as number one in Group-4 category (Oil & Gas Assets) and Second in Group-1 Refinery category respectively).

• Topped the visibility metrics in Indian Oil and Gas Sector and the only PSU in the top 10 list of Indian Corporate newsmakers.

•”Golden Peacock Global Award 2007 for Excellence in Corporate Governance 2007”, for the 3rd consecutive time, conferred by World Council for Corporate Governance.

• Bagged the coveted winner’s trophy of the maiden “Earth Care Award for excellence in climate change mitigation and adoption” under the category of GHG mitigation in the small/medium and large enterprises.

• Conferred with “Infraline Energy Excellence Award” for its services to the Nation in Oil & Gas Exploration and Production category.

• Bestowed with “Amity Award for Excellence” in Cost Management.

ONGC is the only fully–integrated petroleum company in India, operating along the entire hydrocarbon value chain:

• Holds largest share of hydrocarbon acreages in India.
  
• Contributes over 80 per cent of Indian’s oil and gas production.
  
• About one tenth of Indian refining capacity.
  
• Created a record of sorts by turning Mangalore Refinery and Petrochemicals Limited around from being a stretcher case for referral to BIFR to the BSE Top 30, within a year.
  
• Interests in LNG and product transportation business.

• All crudes are sweet and most (76%) are light, with sulphur percentage ranging from 0.02-0.10, API gravity range 26°-46° and hence attract a premium in the market.
  
• Strong intellectual property base, information, knowledge, skills and experience
  
• Maximum number of Exploration Licenses, including competitive NELP rounds. ONGC has bagged 85 of the 162 Blocks (more than 50%) awarded in the 6 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian Government.
  
• ONGC owns and operates more than 15000 kilometers of pipelines in India, including nearly 3800 kilometers of sub-sea pipelines. No other company in India, operates even 50 per cent of this route length.

To focus on core business of E&P, ONGC has set strategic objectives of:

• Doubling reserves (i.e. accreting 6 billion tonnes of O+OEG).
  
• Improving average recovery from 28 per cent to 40 per cent.
  
• Tie-up 20 MMTPA of equity Hydrocarbon from abroad.
  

The focus of management will be to monetise the assets as well as to assetise the money.

• ONGC’s overseas arm ONGC Videsh Limited (OVL), continued to maintain robust growth during 2007-08. It acquired 11 E&P Projects in 6 countries during the year.
  ONGC Videsh Ltd. (OVL) signed a joint venture agreement with Petroleous de Venezuela SA (PDVSA) on 8th April, 2008 at Caracus to take 40% stake in the San Cristobal oilfield located in Orinoco Heavy Oil belt of Venezuela; PdVSA will hold the remaining 60% stake.
• The agreement was signed by Mr. R.s. Butola, MD, OVL and Mr. Eleogao Del Pino, MD, PdVSA during the visit of Mr. Murali Deora, Hon’ble Minister of P&NG, GOI. Under the agreement OVL and PdVSA will develop the field from its current production level of 20,000 bbl/d to 40,000 bbl/d.
• The company now has participation in 44 projects in 18 countries. Of the projects acquired, NEMED Block in Egypt offshore is under appraisal phase; Blocks AD-2, AD-3 and AD-9 in Myanmar offshore; Blocks RC-8, RC-9 and RC-10 in Colombia offshore; Blocks ES-M-470 and SM-1413 in Brazil offshore; MTPN Block in Congo offshore and Block 11-12 in Turkmenistan offshore are under exploration phase. The Turkmenistan Block is held through ONGC Mittal Energy Limited (OMEL), a joint venture of OVL and Mittal Investment Sarl.
• Out of 44 Projects, OVL is operator in 18 projects and joint operator in 2 projects in 11 countries. OVL is currently producing oil and gas from Greater Nile Oil Project and Block 5A in Sudan, Block 6.1 in Vietnam, Al Furat Project in Syria, Sakhalin-I Project in Russia and Mansarovar Energy Project in Colombia. Block BC-10 in Brazil is currently under development with production expected to being in 2009-10, Block A-1 and A-3 in Myanmar, North Ramadan Block and NEMED in Egypt and Farsi Offshore Block in Iran have discoveries and appraisal work is being carried out. The remaining projects are in exploration phase.
• OVL’s share of production of oil and oil-equivalent gas (O+OEG), together with its wholly owned subsidiaries ONGC Nile Ganga B.V. and ONGC Amazon Alaknanda Limited, increase from 7.95 MMTOE to 8.80 MMTONE, up 10.7%. Consolidated gross revenue of OVL increased from Rs.118,610 million to Rs.169,540 million, up 42.93% and consolidated net profit from Rs.16,633 million to Rs.23,971 million, up 44.12%.
• ONGC’s strategic objective of sourcing 20 million tonnes of equity oil abroad per year is likely to be fulfilled well before 2020.

• State-of-the-art seismic data acquisition, processing and interpretation facilities

• Uses one of the Top Ten Virtual Reality Interpretation facilities in the world

• Alliances with Transocean, Schlumberger, Halliburton and Baker Hughes, IPR, Petrobras, Norsk, ENI, Shell

• One of the biggest ERP implementations in the Asia

• ONGC’s success rate is at par with the global norm and is elevating its operations to the best in class level, with the modernization of its fleet of drilling rigs and related equipment.

• ONGC has adopted Best-in-class business practices for modernization, expansion and integration of all Info-com systems.

Onshore

• Production Installations :- 240

• Pipeline Network (km) :- 15,800

• Drilling Rigs :- 70

• Work Over rigs :- 74

• Seismic Units :- 29

• Logging Units :- 32

• Engineering Workshops :- 2

• Virtual Reality Centre :- 5

• Regional Computer Centre :- 5

Offshore

• Well Platforms :- 147

• Well-cum-Process Platforms :- 32

• Process Platforms :- 13

• Drilling Rigs :- 29

• Pipeline Networks (km) :- 4,500

• Offshore Supply Vessels :- 55

• Special Application Vessels :- 4 (including 2 MSV)

• Seismic Vessels :- 1

• ONGC posted a net profit of Rs. 161.26 billion despite volatile oil markets and crude prices.

• Net worth Rs. 781 billion

• Practically Zero Debt Corporate

• Contributed over Rs. 280 billion to the exchequer

ONGC looks forward to become an integrated energy provider, with:

• New Discoveries and fast track development

• Equity Oil from Abroad

• Downstream Value Additions & Forward Integration

• Leveraging state-of-the art technology and global best practices

• New Sources of Energy

• Production from small and marginal fields