ONGC Videsh Limited ::. The International Petroleum Company of India

ONGC Videsh: Accreting hydrocarbon resources abroad

ONGC Videsh Limited (OVL) was rechristened on 15th June 1989 from the earstwhile Hydrocarbons India Private Limited, which was incorporated on 5th March, 1965. Over a period of time, OVL has grown to become the second-largest E&P company in India both in terms of oil production and oil and gas reserve holdings. The primary business of OVL is to prospect for oil and gas acreages abroad including acquisition of oil and gas fields, exploration, development, production, transportation and export of oil and gas. OVL is a wholly-owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC) - the flagship national oil company of India.

Starting with the exploration and development of the Rostam and Raksh oil fields in Iran and undertaking a service contract in Iraq, a major breakthrough was achieved by OVL in 1992 in Vietnam with the discovery of two major free gas fields, namely LanTay and LanDo, in partnership with British Petroleum and Petro-Vietnam. The success carried on thereafter. In 2001, OVL acquired 20% stake in Sakhalin-1 project in the far east of Russia. In January 2009, OVL completed the acquisition of Imperial Energy Corporation Plc.- an UK listed company, having its exploration and production assets in Tomsk region of Western Siberia, Russia with an investment of over USD 2.1 billion.

The company, adopting a balanced portfolio approach, maintains a combination of producing, discovered and exploration assets, working as operator in 17 projects and joint operator in 5 projects. OVL produces hydrocarbons from its 9 assets, namely, Russia (Sakhalin-I and Imperial), Syria (Al-Furat Project), Vietnam (Block 06.1), Colombia (Mansarover Energy Project), Sudan (Greater Nile Oil Project and Block 5A), Venezuela (San Cristobal Project) and Brazil (BC-10) ; 6 projects are in development phase and 23 are in the exploration phase. OVL has successfully completed 741 km long pipe line project in Sudan.

OVL’s international oil and gas operations produced 8.87 MMT of O+OEG in 2009-10 as against 0.252 MMT of O+OEG in 2002-03. OVL’s overseas cumulative investment has crossed USD 10 billion.

While OVL participates and operates in varied environments – both political and geographical, it is committed to the highest standards of Occupational Health, Safety and Environment protection and compliance to all applicable local laws and regulations. Understanding well its Corporate Social Responsibility, OVL makes valuable contributions to the communities and economies in which it operates by investing in education and training, improving employment opportunities for nationals, and providing medical, sports and/or agricultural facilities, besides payment of tax revenues to local governments.

Some of the leading alliance partners of OVL are BP, CNPC, Ecopetrol, ENI, Exxon, Statoil Hydro, PDVSA, Petrobras, Petronas , Petrovietnam, Repsol, Rosneft, Shell, Sinopec, Total and TPOC.

Our Vision

To be a world-class exploration and production company providing security oil to the country.

Our Mission

By 2025, to contribute 60 MMTPA of equity oil and gas.

Our Objectives

To support India's energy security
To build balanced portfolio of exploration, discovered and producing assets in focus countries
To build a team that excels in performance through assimilation of best practices and technologies
To be at par with the best international oil and gas companies
Be the strongest Indian Player in the international E&P
Build collaborative relations with partners

Board Of Directors

The Chairman & Managing Director of ONGC - the parent company - is also the Chairman of OVL. The OVL Board consists of four full time Directors: the Managing Director, who is the Chief Executive Officer of the Company, Director (Finance), Director (Commercial) and Director (Exploration). All full-time Directors of ONGC are part-time Directors on the OVL Board.

Mr. Sunil Jain, Joint Secretary (IC), Ministry of Petroleum & Natural Gas, Government of India and Shri Govind Mohan, Joint Secretary, Department of Economic Affairs, Ministry of Finance, Government of India are part-time Directors on the OVL Board.

OVL has purposely been maintained as a lean and fast organisation so that functions and operations which are not of permanent nature can be outsourced to agencies within ONGC and in the industry. The functional Directors of ONGC serving on the OVL Board induces cohesion of corporate objectives and goal congruence in both organisations.

OVL follows meritocracy and draws its human resource from ONGC. The finances for OVL’s operations are mainly provided by ONGC in form of loans and equity.

	R S Sharma Chairman

	R S Butola Managing Director

	Joeman Thomas Director (Exploration)

	S P Garg Director (Finance)

	Samarendra Roychaudhury Director (Commercial)

	Sunil Jain Director

	Govind Mohan Director

	Dr. A K Balyan Director

	A K Hazarika Director

	D K Pande Director

	U N Bose Director

	D K Sarraf Director

	Sudhir Vasudeva Director

	D N Narasimha Raju Joint Secretary (E), MoP&NG, (Special Invitee)

HSE POLICY

ONGC VIDESH HSE Management System and respective operating companies worldwide defines the principles by which we conduct our operations worldwide. Has a long-standing HSE commitment to the highest standards for the Health Safety of our employees, customers, and contractors as well as to the protection of the Environment in the communities in which we live and work. in the best interest of the company’s long–term success. Comprehensive, compulsory HSE guidelines define global standards and procedures to help us fulfill that commitment.

ONGC VIDESH POLICY STATEMENT ON HEALTH SAFETY & ENVIORNMENT

We are committed to maintain the highest standards of Occupational Health, Safety and Environment protection.
We shall comply with all applicable Lawa & Requirements and adopt/promote the best HSE standards.
We shall always be alert and willing to respond to emergencies and effectively co-operate with industries and relevant authorities, whenever called.
We shall encourage and motivate all employees including Business partners and Contractors for safe performance and to promote environment protection.
We shall endeavor to achieve Operational Excellence by adhering to the best HSE practices.

R. S. Butola
Managing Director

OBJECTIVES.. WE have well defined strategy in meeting the following objectives:

Ensure, in the conduct of business activities, full compliance to:

HSE Management system provides the framework for managing all aspects of development - A systemic approach designed to Ensure

Compliance with law.
Demonstrate that all hazards are adequately managed
Strive to achieve continuous improvements in the HSE performance
ONGC/ONGC VIDESH and operating companies HSE Management System
Technical Standards
ISO 14001 for domestic operations
Applicable Legislative requirements; consistent with the Group aspiration to attaining world-class HSE performance.

ROLES & RESPONSIBILITIES

Guideline 1: HSE management
Establishes a framework to ensure that our Health, Safety and Environmental protection standards are implemented and communicated throughout the company. The guideline outlines the HSE organization and defines the roles and responsibilities of various levels of the organization.

Guideline 2: Emergency Management
Defines procedures to effectively manage unforeseen incidents with potentially significant impact on people, the environment, or the property and reputation of company.

Guideline 3: HSE protection in development and production
Harmonization of the approach used by assets worldwide to manage contaminated and potentially contaminated sites in order to keep liabilities, reputation risks and environmental impacts at an acceptable minimum.

Guideline 5: Occupational health
Provides a framework for safeguarding the health employees and others, including protection from chemical, physical, biological, and ergonomic hazards. The guideline also encourages health promotion programs for employees and inhabitants.

Guideline 6: Waste management
Defines guidelines to minimize generation of waste – hazardous and non-hazardous – and to ensure that the remaining waste is treated, stored and disposed of in a safe and environmentally sound manner.

Guideline 7: - Third Party Management (Audits)
This has been included in societal and environmental values supporting the UN Global Compact – which Third Party Suppliers are urged to support and promote. The guideline also outlines management systems required to implement these requirements – and to provide necessary compliances.

Guideline 8: Incident reporting and learning
Stipulates reporting of significant HSE accidents and incidents through a rapid–reporting system. Along with incident evaluation, using root cause analysis, the rapid–reporting system includes a database to facilitate sharing of best practice.

Guideline 9: Business Continuity
Ensures the uninterrupted availability of all key business functions, processes and resources required to support essential business activities. as an integral part of the risk management framework.

WAY FORWARD

Energy Management

Defines the basic principles and management processes for energy management – including roles and responsibilities, energy reviews and energy audits, energy challenge in capital projects, performance targets and reporting, as well as awareness creation and promotion.

Energy Standards for Buildings and Equipment

Specifies the requirements on energy efficiency and related greenhouse gas performance of buildings and equipment. It is based on a set of principles and standards for building design and structure, building envelope, utilities, HVAC systems, lighting systems, machinery and appliances and motor vehicles.

Corporate Social Responsibility

OVL, operating overseas, understands its responsibility to contribute to the communities and economies of the countries in which it operates. OVL is committed to create a positive and lasting social impact by developing successful partnerships built ion mutual trust and respect, ultimately, raising the standard of living and the stability of the communities of the countries in which it operates. OVL makes valuable contributions in many ways: through payment of tax revenues to governments; by investing in education and training and improving employment opportunities for nationals; providing medical/sports/agricultural facilities to the local communities, etc.
Further, with the objective to ensure access by every citizen to information under the control of the Company and in order to bring in transparency and accountability, an appropriate mechanism has been set up at OVL's registered office in New Delhi in the line with the requirements of Right to Information Act, 2005.

STRATEGIES

Rules & Acts

Environment Rules & Acts

The Water (Prevention & Control of Pollution) Act, 1974 & Amendments thereafter
The Air (Prevention & Control of Pollution) Act, 1981 & Amendments thereafter
The Environment (Protection) Act and Rules, 1986
Hazardous Wastes (Management & Handling Rules), 1989
Manufacturing, Storage & Import of Hazardous Chemical Rules, 1989

Ambient Noise Standards Rules & Acts

Public Liability Insurance Act, 1991 & Amendments thereafter
National Ambient Air Quality Standards, 1994
Oil Drilling & Gas Extraction Industry Standards, 1996

Safety Rules & Acts

Oil Mines Regulations, 1984
Mines Act, 1972
Indian Electricity Rules, 1956
Petroleum Rules, 1976
Explosive Rules, 1983
Factory Act, 1984.
OIL INDUSTRY SAFETY DIRECTORATE (OISD) Operating Standards

Corporate Social Responsibility

OVL, operating overseas, understands its responsibility to contribute to the communities and economies of the countries in which it operates. OVL is committed to create a positive and lasting social impact by developing successful partnerships built on mutual trust and respect, ultimately, raising the standard of living and the stability of the communities of the countries in which it operates. OVL makes valuable contributions in many ways: through payment of tax revenues to governments; by investing in education and training and improving employment opportunities for nationals; providing medical/sports/agricultural facilities to the local communities, etc. During 2007-08, OVL had also contributed USD 100,000 to the relief fund of the local authorities of Sakhalin, Russia to support relief efforts for victims of the devastating earthquakes in Nevelsk. Further, with the objective to ensure access by every citizen to information under the control of the Company and in order to bring in transparency and accountability, an appropriate mechanism has been set up at OVL's corporate office in New Delhi in the line with the requirements of Right to Information Act, 2005.

Careers

OVL does not recruit independently for any position within the organisation. As a policy decision, all recruitments are through our parent company, ONGC, which releases the relevant advertisements from time to time on its website. For more information, please visit www.ongcindia.com.