ONGC Videsh received the ICICI Lombard & CNBC-TV18 ‘India Risk Management awards’ in Public Sector Unit of the year category, at the third edition of The India Risk Management Awards recognising the understanding and practice of risk management at ONGC Videsh.

There were more than 1000 applications, which went through a rigorous process of initial screening done by the knowledge partner KPMG, followed by a Jury round.

Vice Chairman of  Niti Aayog Mr. Arvind Panagariya presided over the function which was well represented by the top industrial houses in the country ranging from telecom sector to IT to Healthcare.

ONGC Videsh with its projects spread over 17 Countries has its own set of complexities in terms of geopolitical, geological, fiscal, environmental, language, climatic issues etc. It is operating in a highly competitive international oil and gas sector by contending with the best in the industry.

Enterprise Risk management System was rolled out in ONGC Videsh in April 2012, which was further aligned with ISO 31000:2009, an international standard on Risk Management. ERM system was audited by internationally reputed agency, which issued ‘Statement of Compliance as per ISO 31000:2009’.

Replying to a question at the award function, Mr. Narendra K. Verma, MD & CEO said that in present scenario of low oil prices, it is difficult to match the expectations of buyers and sellers. Inspite of that, ONGC Videsh recently acquired 15% equity from Rosneft Oil Company, in JSC Vankorneft. The daily peak production from the field is around 442,000 barrels of oil per day (bopd). With 15% shareholding, ONGC Videsh’s share of daily oil production would be about 66,000 bopd. MD ONGC Videsh also replied to the questions related to the future of the crude oil price with his usual elan.

MD Award Pics

The award function was also attended by Mr SP Garg, Director (Finance), Mr PK Rao, Director (Operations), Mr Sudhir Sharma, Director (Exploration) along with other senior executive of ONGC Videsh.

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ONGC Videsh is also in the process of implementing SAP system, which includes module on GRC-Risk Management, EHS apart from other modules.

Project Lakshya was envisaged for strengthening of systems and processes of ONGC Videsh as part of the PP 2030, so that systems and processes can support the planned growth. The Boston Consulting Group (BCG) was engaged for re-designing the identified processes. Project Lakshya is being steered by Mr Vivekanand, OSD, Finance and the project is currently under roll out phase.

In total, 14 business processes were identified for redesigning under ‘Project Lakshya’. These processes were Business Development, Corporate Strategic Planning, Exploration and Appraisal, Drilling, Operations, HSE, Development and Execution, Risk Management, Knowledge Management, Marketing, Finance, MM, HR and IT.

 

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Release of re-designed HSE and Risk Process Manuals in English and Russian by Mr Durga Prasad, CEO, Imperial Energy, Tomsk Russia.  (L to R) Aleksandr V. Karataev, General Director, Dr. Anish Madan, DGM (D) and Head PMO, Project Lakshya, OVL, CEO Imperial Energy and K.K. Arora, Chief Advisor, HSE.

The HSE and Risk processes have been implemented in the ONGC Videsh and in various project offices abroad. The HSE and Risk process manuals were translated in Russian.

The meeting was chaired by Mr Durga Prasad, CEO, Imperial Energy (IE) on the implementation of re-designed HSE and Risk processes in IE. A presentation was made by Dr. Anish Madan, DGM (D) & Head Project Management Office (PMO), Project Lakshya, ONGC Videsh on the roll-out of the HSE and Risk processes in ONGC Videsh, its offices and projects abroad including IE. During the meeting HSE and Risk process manuals in English and Russian were released by CEO Imperial Energy for their internal reference.

A visit was also made to Oil Treatment Facility (OTF), drillings Pads with new Technology wells, work over rig in Snezhnoye field to review the implementation of HSE and Risk policy at project site.  Snezhnoye field is about eight hours journey by road from Tomsk. A visit was also made to the Imperial Energy warehouse in Tomsk to review the storage facility of tubulars, PPE and other items.

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Presentation being made in the meeting by Dr. Anish Madan, DGM (D) and Head Project Management Office (PMO), Project Lakshya on re-designed HSE and Risk business process Manuals to the senior officers of Imperial Energy in Tomsk, Russia.

 

 

ओएनजीसी विदेश लिमिटेड में 22 जून, 2016 को हिन्दी कार्यशाला का आयोजन किया गया जिसमें लगभग 50 प्रतिभागियों ने भाग लिया ।

सर्वप्रथम कार्यशाला संयोजक श्री मनीष चंचल ने मंचासीन अधिकारियों सहित सभी उपस्थित का स्वागत किया। उन्होने कहा कि कार्यशाला का उद्देश्य यह है कि हमें अपने दैनिक कार्यों को हिन्दी में करने के लिए प्रोत्साहित करने के साथ- साथ संवैधानिक दायित्त्व का निर्वाह करना भी है और इसके लिए आवश्यकता है स्वयं  कुछ सीखने कि इच्छा, बिना इसके किसी को भी सिखाया नहीं जा सकता ।

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हिन्दी कार्यशाला के अवसर पर विभिन्न गतिविधियों की झलकियाँ

हिन्दी कार्यशाला का उदघाटन  श्री ए के देशवाल जी, अधिशासी निदेशक ने किया। उदघाटन भाषण में प्रतिभागियों को सम्बोधित करते हुए उन्होने सभी प्रतिभागियों को हिन्दी को अपने दैनिक कार्यो में अधिक से अधिक व्यवहार में लाने का अनुरोध किया । उन्होने कहा कि हिंदी बहुत ही आसान भाषा है । यदि हम हिंदी को अपने दैनिक कार्यो में प्रयोग करना शुरू कर दें तो निश्चित रूप से हमें मालूम हो जाएगा कि हिंदी से आसान भाषा दूसरी और कोई नहीं है । इस अवसर पर “कंप्यूटर पर हिंदी के प्रगामी प्रयोग व यूनिकोड” विषय पर इंजीनियरस इंडिया लिमिटेड के प्रबंधक (राजभाषा) श्री नगेन्द्र कुमार मिश्रा ने व्याख्यान दिया ।

उन्होने हिंदी भाषा कि व्याकरणिक जानकारी देते हुए कंप्यूटर पर हिंदी में कार्य करने, ईमेल में हिंदी प्रयोग की उपलब्ध सुविधाओं तथा हिंदी सॉफ्टवेयरों के बारे में महत्वपूर्ण जानकारी दी ।

अंत में सभी प्रतिभागियों का धन्यवाद करते हुए श्री मनीष चंचल ने सभी प्रतिभागियों तथा इंजीनियरस इंडिया लिमिटेड से आए वक्ता श्री नगेन्द्र कुमार मिश्रा का भी धन्यवाद किया।

Across the seas, across the continents, for India. ONGC Videsh employees reconnected through mass demonstrations of yoga around the world. A symphony of sorts, the celebration of International Yoga Day gave an opportunity to all to craft a balance between body and mind.

Stories from Delhi and world over:

Delhi

Mr NK Verma, MD, with Mr PK Rao, Director (Operations) and Mr Sudhir Sharma, Director (Exploration) along with other enthusiasts participated in a small yoga event organised at the atrium of Kailash building where the head office of ONGC Videsh is located. Mr Shankar Thakur, DGM (Geophy.) and Mr JK Sahni, Manager-HR (retired), conducted the one-hour yoga program with expertise.

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Astana, Kazakhstan

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International Yoga Day at Astana celebrated along with Indian Embassy at the iconic ‘Baiterek’.

Atyrau, Kazakhstan

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Satpayev Operating LLP team, Operator for Satpayev Project at Atyrau, Kazakhstan- building synergy …the Yoga way!

Dhaka, Bangladesh

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The ONGC Videsh team at Bangladesh

Houston, USA

All employees of ONGC Videsh Atlantic, Inc. (the US subsidiary of ONGC Videsh) celebrated the 2nd International Yoga Day at OVAI office, Houston with enthusiasm and fervor. Employees came with their yoga mats and yoga attire to participate in the Yoga Day celebrations.

A one hour yoga session was organized under the guidance of an experienced Yoga Instructor. The yoga session created team-bonding, camaraderie, and a break from the regular office work. The team had a lot of fun and enjoyed to their heart’s content. There were demands for more such sessions.

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Caracas, Venezuela

The 2nd International Day of Yoga was celebrated in PdVSA La Estancia, Caracas. The celebration, organised in association with the Foundation ‘La Augusta Asamblea’, began with messages of Prime Minister Mr. Narendra Modi and External Affairs Minister Ms. Sushma Swaraj on the occasion. Yoga demonstration as per the Common Yoga Protocol was conducted. Master yoga classes, demonstrations and lectures were conducted by local organisations.

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El Tigre, Venezuela – San Cristobal Project

The longest day of the year is always special for Team El Tigre and all employees were invited for commemorating the International Yoga Day in the PIVSA office. Two guest speakers, Ms Zomalia and Ms Eira, renowned persons for promotion of Yoga at El Tigre, were invited. The 2nd International Yoga day was thus celebrated at Petrolera Indovenezolana with lot of enthusiasm at El Tigre Venezuela.

The event was chaired by Mr Heran Diaz, General Manager PIVSA.  Mr A.K.Chakravarty, GM (P) – Head El Tigre invited the participants for the event and in his opening remarks elaborated on the importance of yoga bringing harmony between mind and body. Mr Hernan Diaz in his address stated that yoga is an invaluable gift of India. Yoga, a physical, mental and spiritual practice having its origin over 6000 years ago in India, aims to integrate the body and the mind.

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Puerto LA Cruz, Venezuela

Consequent to the huge success of the maiden International Yoga Day last year, this year’s event was eagerly awaited by all the Yoga enthusiasts in Puerto LA Cruz, Venezuela. To commemorate the day an event was organized by Team ONGC Videsh in the premises of CICSA. For the celebration of this ancient Indian discipline, ONGC Videsh secondees from PLC were joined by the secondees from other Indian companies viz OIL & IOC, Repsol, and all the CICSA local employees.

The event witnessed tremendous enthusiasm and curiosity, particularly from the local employees.

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Khartoum, Sudan

2nd International Yoga Day was organized in Khartoum, Sudan by the Embassy of India wherein all ONGBV expats actively participated. Over 200 people from different parts of Khartoum including Sudanese nationals and school children attended the Yoga Program. H.E. Mr. Amrit Lugun welcomed the gathering and spoke about the benefits of Yoga at physical, mind and spiritual level. The first lady of Brazil in Sudan also participated in the Yoga Program and she discussed the contribution of Yoga in bringing peace and harmony to mankind.

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Bogota, Colombia

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Enthusiastic participation in Bogota

 

ONGBV, Country Office, Khartoum organized a Community Development Program in Village Alhala  Algedida in Ombadda Area recently and provided Solar Street Light systems to the village with an objective to improve the quality of life of local public. Earlier ONGBV had conducted free Medical Camp in this village last year which was inaugurated by Mr PK Rao, Director(Ops) who noticed lack of electricity power in the area and suggested to take new initiative for providing solar lights to this village.

Accordingly, the Country Manager, Head HR and CD Coordinator surveyed the entire village and provided five solar street lights with the purpose to cover two schools, one Women’s Hall, one playground and one meeting area of the village. The huge crowd  of local public and their representatives extended warm welcome to ONGBV team, Indian Ambassador(Acting) and local authorities.

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Mr. V. Vidyasagar, Country Manager, Mr. Sanjay K. Muluka, Indian Ambassador(Acting) and ONGBV team being welcomed in village Alahal Algedida

The national employees of ONGBV also attended this event for the first time. The Country Manager Mr V. Vidyasagar inaugurated the program and addressed the large gathering wherein he brought out the importance and objective of solar street lights for children for their studies. He said that women play a vital role in the growth of society and it is essential to empower women for their active participation in all activities of life. Solar light provided in Women’s Hall will benefit the women to assemble in the late evening for their meetings and other handicraft activities. Country Manager also highlighted the importance of solar lights in the playground for encouraging young boys and girls in their studies and sports activities and the public at large for their social functions, local governance and prayer in the night.

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Mr. V. Vidyasagar, Country Manager inaugurating the Community Development Program

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Country Manager addressing the gathering

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Solar Street Light for Women Hall

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Inside view of Women Hall

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Solar Street Light for social meetings and prayer in the village

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Solar Street Light in Playground

Mr. Sanjay K. Muluka, Indian Ambassador(Acting) said that the bilateral relations between India and Sudan are historically very old and ONGC is augmenting mutual relations of both countries through its Community development programs.  The Country Manager visited the exhibition organized by local women and appreciated the handicrafts items prepared by them.

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Mr. Sanjay K. Muluka, Indian Ambassador(Acting) addressing the public

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Exhibition of handicrafts

This ONGBV function was conducted in the presence of various state authorities viz. Mr. Alfatih Abbas, Member of Parliament, Mr. Ahmed Osman, Dy Commissioner of Ombadda, Mr. Atif Ali Yousif, Manager of Education, Mr. Sosal Mohamed Zain, Dy. Sultan of the village, Mr. Alam Alla, Executive Secretary of the village and hundreds of locals. The Member of Parliament, Dy. Commissioner and other authorities thanked Country Manager, ONGBV for extending such welfare services to local communities in Sudan.

On 2nd October 2014, PM Mr Narendra Modi launched the Swachh Bharat Mission at Rajpath in New Delhi. “A clean India would be the best tribute India could pay to Mahatma Gandhi on his 150th birth anniversary in 2019,” he proclaimed. Just a kilometer away, at ONGC Videsh, employees and members of the Board took the Swacchta Pledge on June 16, 2016 and reiterated their commitment to create the India of Gandhi’s dreams.

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ONGC Videsh takes the Swachhta Pledge

Swachh Bharat Mission was launched across the country as a national movement two years ago. “While the Swachh Bharat Abhiyan has taken the shape of a mass movement across the nation, a behavioral change is needed,” speaking on the occasion of launch of the Swachhta Pakhwada, Mr PK Road, Director (Operations) exhorted the employees of ONGC Videsh to join the mission and honour the pledge in letter and spirit.

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Planning of activities for the campaign with Mr PK Rao, Director (O) and Mr Sudhir Sharma, Director (E)

A roadmap has been chalked out for the fortnight where a concerted effort will be made to make everyone an active participant in the swachhta campaign. Plantation drive, slogan and poster making competition, cleanliness drive in identified schools and in office premises and nearby areas are some of activities planned.

An emotive and thought-provoking film on Swachh Bharat Abhiyan was also screened on the occasion.

An insightful talk on ‘Strategic Security Concepts’ with special reference to ONGC Videsh operations at the ONGC Videsh, Delhi office by Mr Krishan Varma, former Special Secretary in the Cabinet Secretariat, Government of India,  kept the executives and the Board of Directors spellbound for over an hour. The talk was organized by the security team of ONGC Videsh, spearheaded by the ED- Security, ONGC, Mr DC Srivastava.

 ED Chief Security enumerates the security challenges

ED Chief Security enumerates the security challenges

ED Security in his welcome address underlined the need for such a discourse in view of the fragile global security scenario. “As ED-Security, I plan to bring the intelligence community and ONGC to interact closely, to secure the interests of the company and the country,” he said.

Mr SP Garg, Director (Finance), ONGC Videsh shares the security readiness of the company

Mr SP Garg, Director (Finance), ONGC Videsh shares the security readiness of the company

Mr Varma, a perceptive and sharp orator, kept his focus on ONGC Videsh’s areas of operations. He discussed the security concerns of each project in great detail, underscoring their political and economic milieu.

Mr Krishan Varma, former Special Secretary, GOI, gives a riveting talk on strategic security concepts

Mr Krishan Varma, former Special Secretary, GOI, gives a riveting talk on strategic security concepts

As a well-travelled person with an experience spanning 35 years, Mr Varma ‘s sharing and interaction with the employees of ONGC Videsh was enriching. With his knowledge augmented by postings to some of these countries, he gave an in-depth narrative of the political climate and sometimes, their tumultuous histories.

Mr PK Rao, Director (Operations), and Mr Sudhir Sharma, Director (Exploration)interact with the Chief Guest

Mr PK Rao, Director (Operations), and Mr Sudhir Sharma, Director (Exploration)interact with the Chief Guest

Concluding, he gave recommendations to enhance the security preparedness, which included suggestions like having a robust access control mechanism in place, physical security of installations, monitoring of social network sites, an architecture for screening of personnel, among other calibrations.

An engrossed audience at ONGC Videsh, Delhi

An engrossed audience at ONGC Videsh, Delhi

World Environment Day was observed under the aegis of United Nations Environment Programme on the theme ‘Go Wild for Life’ to raise awareness towards illegal wildlife trade and environment and to take positive actions to protect the planet Earth.

Employees and families of ONGC Videsh participated with enthusiasm in various competitions surpassing the previous record, indicating increasing awareness and commitment towards the environment. Awareness drive was carried out by HSE Group for one week on various topics related to the environment.

Mr. Narendra K. Verma, MD & CEO through his message to employees asked their individual commitment not only to change themselves, but also to encourage other people to change their habits and behavior, so that demand for illegal wildlife products falls, which can bring about a sea-change in attitudes and policies toward both the trade and its products. Our E&P activities should be damage-neutral to wildlife and promote biodiversity through sustained efforts, he said.

World environment day was celebrated on 6th June at ONGC Videsh office chaired by Mr. P K Rao, Director (Operations) and graced by Mr. Sudhir Sharma, Director (Exploration), Mr. Vivekanand, OSD, Regional Presidents, and Heads.

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A video presentation ‘Biodiversity is US’ depicting importance of biodiversity and how it is getting affected by human negligence and activities and what we can do to protect it, evoked a great response from the jam-packed house. To arouse awareness, spot quiz was also conducted generating a good response.

Speaking on the occasion, Mr. Vivekananda, OSD emphasized the importance of biodiversity and environment for ONGC Videsh, which is operating overseas in 17 countries. Mr. Sudhir Sharma, Director (Exploration) implored all to spread awareness in the society and find meaningful solutions.

Mr. P K Rao Director (Operations) touched upon illegal wildlife trade and various measures being taken in our overseas operations for environment protection like cluster drilling, zero waste discharge, phytoremediation etc. He exhorted all to observe highest standards of HSE in international operations.

Focusing on the Government initiative on khadi, khadi memorabilia has been distributed and organic products were given away as prizes.

The celebrations concluded with a commitment to protect the wildlife and the environment.

Background:

ONGC Videsh Ltd. is a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE). It is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India having net worth of around INR 1,84,000 crores. The primary business of ONGC Videsh is to prospect for oil and gas fields outside India, including exploration, development and production of oil and gas. ONGC Videsh owns Participating Interests in 37 oil and gas assets in 17 countries and contributes to 14.8% of oil and 12.5 % of oil and natural gas production of India respectively. In terms of reserves and production, ONGC Videsh is the second largest petroleum company of India, next only to its parent ONGC.

India is currently importing about 77% of its crude oil & gas requirement. There is a big thrust from Government to reduce import by at least 10% by 2022, which will enhance energy security of the Country.

Since the oil & gas resources in India are limited, a major contribution towards this vision is to be shouldered by ONGC Videsh through acquisition of oil & gas fields overseas. Recently it has acquired 15% stake in Russia’s second biggest oil field of Vankor from Rosneft.

On the other hand, climate change and sustainability issues put pressure on oil and gas industry. Thrust on renewables is increasing.

It is in this background and on the occasion of World Environment Day, students in India upto Class XII are invited to be part of this outreach program by ONGC Videsh. Students would select one of the topics and submit a research paper. Students would be given an opportunity to interact with the concerned officers in ONGC Videsh, however the research paper should be based on public domain information.

Topics:

  1. Energy Security of India & ONGC Videsh – a case study
  2. Sustainability challenges in E&P Sector, with specific reference to ONGC Videsh

Rules:

  1. The program is open to school students (Indian nationality) upto class XII.
  2. Interested students may email their applications by 13th June 2016 along with a scanned copy of his/ her school identity card and a brief biodata to studentoutreach@ongcvidesh.in
  3. The entry is to be in the form of a research paper broadly covering current scenario of oil & gas, energy security, sustainability issues, ONGC Videsh by 2030
  4. The report should be around 20 – 30 pages and is to be submitted in soft form and should have recommendations/ way forward
  5. The report shall be submitted latest by 30th June, 2016 through mail to studentoutreach@ongcvidesh.in
  6. All research papers will become the property of ONGC Videsh.
  7. The research papers will be evaluated & best three entries will be suitably rewarded. Participants shall be provided certificates.

ONGC Videsh Limited, a wholly owned subsidiary of Oil and Natural Gas Corporation Ltd. completed on 31st May, 2016, the acquisition of 15% equity from Rosneft Oil Company, in JSC Vankorneft, a company organized under the law of Russian Federation which is the owner of Vankor Field and North Vankor license. Rosneft, the national oil company of Russia continues to hold the remaining 85% shares of JSC Vankorneft.

Earlier in September, 2015, Mr. Narendra K. Verma, Managing Director & CEO, ONGC Videsh and Mr. Igor Sechin, President, Chairman of the Management Board, Rosneft signed agreement for ONGC Videsh to acquire not less than 15% shares in JSC Vankorneft, for a consideration of USD 1,268 million.

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Vankor is Rosneft’s (and Russia’s) second largest field by production and accounts for 4% of Russian crude oil production. The daily peak production from the field is around 442,000 barrels of oil per day (bopd). With 15% shareholding, ONGC Videsh’s share of daily oil production would be about 66,000 bopd.

The present transaction strengthens ONGC Videsh presence in Russia and is consistent with its stated strategic objective of adding high quality international assets to its existing E&P portfolio. This acquisition also has significant strategic importance to India, both in terms of augmentation of India’s Energy Security as well as adding a new dimension to the relationship between Rosneft and ONGC Videsh besides further strengthening the cooperation between the two countries.

About ONGC Videsh

ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, and is India’s largest international oil and gas E&P Company. With this acquisition, ONGC Videsh now has 37 projects in 17 countries including Azerbaijan, Bangladesh, Brazil, Colombia, Iraq, Kazakhstan, Libya, Mozambique, Myanmar, Russia, South Sudan, Sudan, Syria, Venezuela, Vietnam and New Zealand. For more information visit: www.ongcvidesh.com

About ONGC

ONGC is National Oil Company of India. ONGC’s market capitalization as on 30th May, 2016 was INR 1,826 billion (about US$ 27.1 billion). During the financial year ended 31st March 2016, ONGC Group produced 57.38 million ton of oil and oil equivalent gas (mmtoe) (approx. 1.15 mmboe per day); the Consolidated Gross Turnover was INR 1,429 billion (US$ 21.83 billion), Consolidated Net Profit was INR 141 billion (US$ 2.16 billion) with total oil and gas reserves at 2,022 mmtoe as on 31st  March 2016. For more information visit: www.ongcindia.com