OIL AND NATURAL GAS CORPORATION LIMITED
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Oil & Natural Gas Corporation Limited properly known as ONGC , republic India’s number one company with significant company in industrial and economic growth of the country is aleading National Oil and Natural Gas producing company of India engaged mainly in exploration,development and production of crude oil, Naturals gas and some value added products.
It has gonethrough its life cycle and now reached to its maturity stage after overcoming birth & growthstage .The organization was born over about five decades ago on 14th August 1956 and today ONGC is a fortune 500 company having more than 35000 employees as on date working indifferent in India and abroad.
The modest corporate house within serene Himalayan setting atDehradun and Registered office at Delhi.ONGC has grown into a full fledge horizontally integrated upstream petroleum companywith adequate in house capabilities and infrastructure in the entire range of oil and gas explorationand production activities and related oil fields engineering services .From a small directorate to amonolith today ONGC is circumpassing the entire public gamut of public sector organization.
ONGC today is endeavouring to become a world –class oil and gas producing company in pursuit of exploration and production business in the domestic and international area and related opportunityspecific energy business.ONGC today is repositioning itself to fasten the principle of relational enterprise through partnership\strategic alliances joint ventures with preferred partners and adopt a business strategywhich relies on company skills and positional assets with focus on core business areas andopportunity specific diversification.
INTRODUCTION OF ONGC
OIL AND NATURAL GAS CORPORATION LIMITED
COMPANY HISTORY, 1947-1960:
During the pre-independence period, the Assam oil Company in the northeastern and Atoka oilCompany in northwestern part in of the undivided India were the only oil companies producing oilin the country, with minimal exploration input. The major part of India sedimentary basins wasdeemed to be unfit for development of oil and gas resources.
After independence, the national Government realized the importance oil and gas for rapidindustrial development and its strategic role in defense. Consequently, while framing the industrial policy statement of 1948, the development of petroleum industry in the country was considered to be of utmost necessity.
In 1955, Government of India decided to develop the oil and natural gas resources in the variousregion of the country as the part of the public Sector development. With this objective, an oil andnatural gas directorate was set up towards the end of 1955, as a subordinate office under the then ministry of natural resources and scientific research. The department was constituted with a nucleusof geoscientists from the Geological survey of India.
ONGC Group of Companies:
ONGC Group of Companies comprises of Oil and Natural Gas Corporation Limited (ONGC- The Parent Company); ONGC Videsh Limited (OVL – a wholly owned subsidiary of ONGC); ONGC Nile Ganga BV (ONG BV - a wholly owned subsidiary of OVL) andMangalore Refinery and Petrochemicals Limited (MRPL - a subsidiary of ONGC).
Oil and Natural Gas Corporation Limited (ONGC) is India's Most Valuable Company, having amarket share of above 80% in India's Crude Oil and Natural Gas Exploration andProduction. ONGC registered the highest profit among all Indian companies at US $ 1.92 billion
After completion of drilling, production engineers will continue produce oil from the wells. If there are wells nearby all the wells are connected to GCS and If it is one well it called EPS.and if there are group of wells it is called GGS.
After producing the crudeoil ,it will get loaded in tanker lorries. This crude oil which is drilled out is sent to the refineries for further purification and refinement whereas the gas taken out is sent to the GAIL (Gas Authority Of India Limited)
I was also taken to the production center where I found process platform,loadingplatform,effluenttank,storagetank,guard room etc…