• ONGC ranks as the Numero Uno Oil & Gas Exploration & Production (E&P) Company in Asia, as per Platts 250 Global Energy Companies List for the year 2007.

• ONGC ranks 23rd Leading Global Energy Major amongst the “Top 250 Energy Majors of the World in the Platt’s List” based on outstanding performance in respect of Assets, Revenues, Profits and Return on Invested Capital (RIOC) for the year 2007.

• ONGC is the only Company from India in the Fortune Magazine’s list of the World’s Most Admired Companies 2007. ONGC is 9th position in the Industry of Mining, crude oil production.

• ONGC ranks 239th position in the prestigious Forbes Global 2000 and Numero Uno ranking amongst Indian Companies.

• ONGC ranks 369th position in Fortune Global 500 list for the year 2006 based on Revenues.

• ONGC retains Numero Uno position from India in terms of Profits with overall global ranking of 121st.

• ONGC ranks 21st among the top 50 publicly traded Companies in Oil & Gas Industry, based on the year-end (2007) market Capitalization by PFC Energy.

 

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

• Establishing 6.42 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 2.29 Billion Metric tonnes (BMT) of Oil Plus Oil Equivalent Gas (O+OEG).

• Cumulatively producing 762.3 Million Metric Tonnes (MMT) of crude and 440.7 Billion Cubic Meters (BCM) of Natural Gas, from 115 fields.

• “Biggest Wealth Creator Award” for the period 2000-2006 instituted by M/s Motilal Oswal Securities Ltd., third time in a row.

• Ranked as the most respected Company in PSU Category in the 2006 Business World Survey, with 13th position in the league of the most respected Indian Corporate.

• Tops the Business India Super 100 list (among 284 Indian Companies having Sales in excess of Rs. 500 Crore), based on Sales, Profit After Tax (PAT), Net Fixed Assets and Market Capitalization (Dec 2006)

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

• Moody’s Investor Services awarded the highest-ever Credit Rating for an Indian Corporate – Baa1 (indicative Foreign Currency debt rating)

• CRISIL and ICRA also reaffirmed ONGC the highest credit rating of AAA and LAAA respectively.

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 78 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 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), has laid strong foothold in a number of lucrative acreages, some of them against stiff competition from international oil majors.

OVL’s projects are spread out in Vietnam, Russia, Sudan, Iraq, Iran, Libya, Myanmar, Syria, Qatar, Egypt, Cuba, Nigeria Sao Tome Principe, Brazil, Nigeria and Columbia. It is further pursuing Oil and gas exploration blocks in various oil and gas rich countries.

• During 2006-07, OVL has acquired stakes in 9 Projects in 6 Countries, out of which 6 Projects were acquired through participation in bidding rounds and 3 from the existing concession holders.

• Sakhlalin-1 project in Russia commenced export of crude oil from September 2006 and peak production of 250,000 bopd was achieved in March 2007.

• Crude Oil production from Block 5A in Sudan commenced in May 2006.

• Consortium of Blocks A-1 and A-3 in Myanmar made gas discoveries.

• Consortium of North Ramadan Block in Egypt made Oil discovery.

• OVL Currently has participation in 29 E&P Projects in 15 Countries. Out of the existing 29 Projects, OVL is Operator in 14 Projects and Joint Operator in 2 Projects in 9 Countries.

• OVL’s share in production of oil and oil-equivalent gas (O+OEG), together with its wholly owned subsidiaries ONGC Nile Ganga BV and ONGC Amazon Alaknanda Ltd, is 7.952 MMT.

• 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. 156.429 billion, the Highest by any Indian Company

• Net worth Rs. 614 billion

• Practically Zero Debt Corporate

• Contributed over Rs. 286 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