2. 2 Vision To be a world-class Oil and Gas Company integrated in energy business with dominant Indian leadership and global presence.
3. It was established in the year 1956. Its Head quarter is in Dehradun. The chairmanand MD of ONGC is Mr. Radhey S. Sharma. Its revenue was $24.032 billionin the year 2008. Currently there are 34000 employees. INTRODUCTION OF ONGC
4. HISTORY OF ONCG There were only TWO companies in India before Independence involved in the exploration of oil- The ASSAM oil Company and ATTOCK oil company. After Independence GOI realized the importance of developing the OIL & GAS sector to achieve rapid industrialization. ONGC discovered new oil resources in ASSAM& established a new oil province in the Cambay basin of GUJARAT.
5. Continue. . . It is the largest Oil exploration and production (E&P) company in India. It has market share over 84%in crude oil and gas production. Around 57 %petroleum exploration licenses in India for over 588 thousands of area belongs to ONGC. In 1970’s ONGC discovered a rich oil field in BOMBAY HIGH.
6. Continue. . . It major products includes petroleum, crude natural gas, liquefied petroleum gas (LPG), kerosene and petrochemical products. Exploration, drilling, production and processing of oil is an energy intensive activity.
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8. If they confined to one sector, then ONGC has to face the upstream or downstream of that sector.
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10. ONGC is heavily relying on its core business, its mean that company is confined to bear ups and downs of a particular cycle.
21. ONGC expended its global operation through its subsidiary OVL, by making sizeable capital investment in Vietnam, Sakhalin (Russia), Myanmar and Sudan. They acquired 25%in Nile project in Sudan, 20% stake in Sakhalin Oil field and other major project in Myanmar. THE GROWTH PLAN IN FORGIEN COUNTRIES
25. GOI deregulated the Indian Oil Industry with effect from April 01, 2002, by doing away with APM (Administrative pricing Mechanism). It will give anedge to domestic players to take independent decision based on import parity and market forces. PSU lose state protectionand has to face global competitive business. CONCEPT OF DEREGULATION
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27. In 2003-04 profits decreased by 18% due to depreciation of rupees and government policies.
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31. Intensive exploration of to locate new oil & gas assets Expeditious development of discoveries Arresting decline in the matured fields Leverage its position as a favored partner globally for overseas energy projects Developing new sources of energy like – CBM,UCG,Shale Gas Establish alternate energy as commercially viable option Value – multiplication through integration in hydrocarbon and energy value - chains Strategic Business Pursuits