Company News

Mr. P.K Rao, Director (Operations), ONGC Videsh visited Moscow and Tomsk of Russian Federation and reviewed the newly acquired Asset Vankorneft and Imperial Energy during 3rd to 5th August, 2016. He was accompanied by Mr. K.S. Pandey, Regional President- Russia Business Unit of ONGC Videsh. At Moscow, he met with Mr. Eric Maurice Liron; First Vice President of Rosneft, the major shareholder of JV Vankorneft. This was the first meeting of Director (Operations) with the top management of the company, post-acquisition and important critical issues were discussed to fine-tune the operational modalities of the Asset keeping in view the interest ...

On the occasion of 70th Independence Day, CMD ONGC conferred upon the project ACG, Azerbaijan with a Commendation Certificate for “Runner up Best Performing Asset” of ONGC Videsh for 2015-16. The commendation has been conferred for excellence in performance and significant contribution to overall growth of the Organization.   Team Azerbaijan receives the award from CMD Mr KB Moon, GM (P) and Dr Ravi Misra DGM (G) received the award on behalf of Mr Balbir Singh Regional President (CIS) and entire BU-CIS team. ONGC Videsh, on 28th March 2013, acquired 2.7213% participating interest in ACG PSA under which the giant Azeri-Chirag-Deep Water Gunashli oil ...

Block 06.1 of Vietnam, which was conferred CMD ONGC commendation Certificate for “Best performing Asset of ONGC Videsh” for FY 2014-15, has once again repeated its exemplary performance, bagging the CMD’s commendation Certificate for “Best performing Asset of ONGC Videsh” for FY 2015-16 as well. Ofshore Platform at Lan Tay Field  Last year, ONGC Videsh was awarded “Certificate of Merit” by the Prime Minister of Vietnam, for its contribution to Petroleum Industry of Vietnam. Block 06.1 is an offshore Block located 370 km southeast of Vung Tau on the southern Vietnamese coast with an area of 955 SKM. The exploration License for Block ...

Independence Day Message of MD, ONGC Videsh

Mansarovar Energy Colombia Limited (MECL) which is a joint venture of India’s ONGC Videsh Limited and China’s SIPC (SINOPEC International Exploration and Production Corporation) conducted its 32nd Board and 9th Shareholder meet in Delhi recently. During the meeting crucial issues including company’s performance, strategic plans and growth were discussed and deliberated.   The four-day meet started with MECL Board meeting from 26th to 28th July which was attended by Mr. Sudhir Sharma, Director (Exploration), Mr. Sanjiv Nath, Regional President, Latin American Countries and project team from ONGC Videsh and Mr. Zhang Jianqiang, Mr XouLunfrom SIPC side. The meet was successfully concluded with ...

ONGC Videsh has signed MoU with ONGC recently in which targets for 2016-17 are set higher than the 2015-16 performance of the company. Oil and gas production excellent target for 2016-17 is 7.939 MMT and 4.056 BCM respectively and includes production from recently acquired 15% stake in Vankorneft, Russia. For 2015-16, the excellent target was 5.550 MMT and 3.325 BCM and actual production was 5.510 MMT and 3.406 BCM respectively. Revenue excellent target for 2016-17 is Rs. 15,375 Crores against the actual sales turnover of Rs. 12,543 crores in 2015-16. CAPEX (including new acquisitions) excellent target for 2016-17 is Rs. ...