ONGC - Oil and Natural Gas Corporation

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India Company Latest News And Updates

OPEC daily basket price closes higher
June 01, 2015 05:53 PM
The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) closed at $60.47 a barrel on Friday compared to $59.33 last Thursday, the organisation's secretariat said. The OPEC Reference Basket of Crudes is made up of Murban (UAE), Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Iran Heavy (Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia) and Merey (Venezuela). A barrel equals 159 litres. Source:IANS

About ONGC


Oil and Natural Gas Corporation Limited ( ONGC India) is considered Asia's best Oil & Gas company . It ranks as the 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004. It ranks 24th among Global Energy Companies by Market Capitalization in PFC Energy 50 (December 2004). ONGC was ranked 17th till March 2004, before the shares prices dropped marginally for external reasons.

Activities

Everyone who works at ONGC India is responsible for protecting the environment, health and safety of our people and communities worldwide. Our commitment to SHE performance is an integral part of our business, and achieving cost-effective solution is essential to our long-term success.

The dedication to the causes of environment and safety in ONGC is amply demonstrated by the fact that a separate institute named Institute of Petroleum Safety, Health and Environment Management (IPSHEM) had been set up way back in 1989 to deal with these issues.

Oil and Natural Gas Corporation Limited ONGC 's safety policy seeks to provide safe and healthy working conditions and enlist the active support of all staff in achieving these ends.

Latest Financial Figures(Figures in Rs. Crores)
ET 500 Rank(2011)6
IndustryOil Drilling And Exploration
Turnover124556.42
Profit after Tax(PAT)22455.93
MCAP (Market Capitalization)231052
Assets143470.73

The development activities of ONGC has been planned on sound ecological principle and incorporates appropriate environmental safeguards.

ONGC Represents India's Energy Security


ONGC has single-handedly written India's hydrocarbon saga by the following methods:-
  • Building 6 billion tonnes of In-place hydrocarbon reserves with more than 300 discoveries of oil and gas; in fact, 5 out of the 6 producing basins have been discovered by ONGC : out of these In-place hydrocarbons in domestic acreage, Ultimate Reserves are 2.1 Billion Metric Tonnes (BMT) of Oil Plus Oil Equivalent Gas (O+OEG).
     
  • Cumulatively producing 685 Million Metric Tonnes (MMT) of crude and 375 Billion Cubic Meters (BCM) of Natural Gas, from 115 fields.

Board of Director

D K Sarraf, Chairman & Managing Director of ONGC

Contact Details
ONGC Head Office:Tel Bhavan,
Dehradun – 248003
Telephone: 0135 – 2759561-67, 2752161-65
Website:www.ongcindia.com

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Last Updated on May 22, 2015