ONGC Means

My sister is studying in Class 8th of CBSE Board. She has to make a Minor Project on ONGC. So do you know what are means of ONGC? Will you provide basic information about ONGC?

[Rajkumar Agarwal]

The ONGC (Oil and Natural Gas Corporation) was founded in 1956.

It was set up by Government of India, which currently holds a 68.94% equity stake.

Its international subsidiary ONGC Videsh currently has projects in 17 countries.

Presence of ONGC Videsh Limited (OVL) in Latin America;
Brazil (Block BC-10, BM-SEAL-4, BM-BAR-1, BM-ES-42, BM-S-73 & S-74)
Venezuela (Block San Cristobal, Block Carabobo-1)
Colombia (Block LLA-69, RC-8, RC-9, RC-10, SSJN-7 & CPO-5)
Cuba (Block N-25, N-26, N-27, N-28, N-29 N-34, N-35 & N-36 Block)

Presence of ONGC Videsh Limited (OVL) in CIS & Far-East;
Vietnam (Block 06.1, 127, 128)
Russia (Block Sakhalin-I, 69, 70–1, 70–2, 70–3, 77, 80, 85–1, 85–2 and 86)(15% shares in csjc vancourneft company of vancour)
Kazakhstan (Satpayev Exploration Block)
Myanmar (Block A-1, A-3, AD-2, AD-3 & AD-9, Pipeline Project- PipeCo-1, PipeCo-2)

Presence of ONGC Videsh Limited (OVL) in Africa;
Libya (Block NC-189, 81–1, Contract Area 43)
Sudan & South Sudan (GNOP/GNPOC/GPOC- 1, 2 & 4, Block 5A, Pipeline- Mozambique (Rovuma Area 1 Offshore)
Nigeria (Block OPL 279, OPL 285, Block-2)
Khartoum-Port Project)

Products and Services of ONGC:
Product Revenue
Crude Oil 562.38
Gas 168.88
LPG 31.48
Naptha 76.80
C2-C3 13.44
SKO 3.69
Others 1.59
Adjustments – 32.74
Total 825.52

Shareholding
Shareholders (as on 31-Mar-2013) Shareholding
Promoter – Government of India 68.94%
Government Companies 10.09%
Banks, Financial Inst. & Insurance companies 09.69%
Foreign Institutional Investors (FII) 06.27%
Private Corporate Bodies 01.83%
Individual shareholders 01.65%
Mutual Funds and UTI 01.13%
NRI/Employees 00.11%
Total 100.0%

ONGC Organization Structure