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Government of India >  Public Sector Undertakings (PSUs) > Oil and Natural Gas Corporation Limited (ONGC)
Oil and Natural Gas Corporation Limited (ONGC)
A modest entity in the serene Himalayan settings - Oil and Natural Gas Corporation Limited (ONGC) was set up as a Commission on August 14, 1956. The company became a corporate on June 23, 1993, which has now grown into a full-fledged horizontally integrated petroleum company. Today, ONGC is a flagship public sector enterprise and India's highest profit making corporate, achieving the record of being the first Indian corporate to register a five digit profit figure of Rs. 10,529 Crore in the year 2002-03.
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Registered Office:Oil and Natural Gas Corporation Limited (ONGC)
Jeevan Bharathi, Tower-II
Indira Chowk
New Delhi, DH, 110001
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Delhi Office:Oil and Natural Gas Corporation Limited (ONGC), Jeevan Bharti
Jeevan Bharti, Tower-11, 124
Indira Chowk
Delhi, DH, 110001
Phone : +91-11-23310156
Head Office:Oil and Natural Gas Corporation Limited (ONGC)
Tel Bhavan
Dehradun, DN, 248003
Phone : +91-135-2759561
Fax : +91-135-2752161
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ONGC makes massive new discovery at Mumbai High; find may pep up production for years
Posted on 21st September 2017
State-run hydrocarbon explorer ONGC has found reserves to the west of its Mumbai High offshore fields, with initial estimates suggesting the new discovery’s size to be about 20 million tonnes of oil equivalent (mtoe). The firm’s output has been stagnating over the last many years with annual oil production in the range of 25-26 million tonnes (mt) and natural gas output around 23 billion cubic metres (bcm). Though the zones at the well WO 24-3 are still under assessment, the new find is believed to be big enough to pep up the firm’s production in coming years. Read More

ONGC discovers 'good' offshore oil, gas field with reserves of 20 mn tonnes
Posted on 20th September 2017
The latest discovery of India's largest oil explorer Oil and Natural Gas Corp to the west of its Mumbai High offshore fields is estimated to hold in-place reserves of about 20 million tonnes, sources with knowledge of the matter said.

The Mumbai High field annually produces oil and natural gas of about 9 million to 10 million tonnes of oil equivalent. The company discovered hydrocarbon reserves west of Mumbai High at well WO 24-3 in July. Read More


Govt panel deciding valuation for ONGC's HPCL acquisition: M K Surana
Posted on 18th September 2017
The government has formed an advisory panel that would decide the valuation for Oil and Natural Gas Corporation (ONGC) buying the 51 per cent stake in Hindustan Petroleum Corporation (HPCL), said its Chairman and Managing Director M K Surana.

Union Finance Minister Arun Jaitley is heading the three-member ministerial panel to oversee and expedite the sale of the government stake. Read More


ONGC, Oil India trade firm on rising crude oil prices
Posted on 15th September 2017
Shares of Oil and Natural Gas Corporation (ONGC) and Oil India were trading higher by up to 4% on BSE in otherwise subdued market on rising crude oil prices as demand outlook brightens.

ONGC rallied 4.4% to Rs 166, while OIL India gained 2% at Rs 325 on BSE in intra-day trade on Friday. So far in the calendar year 2017, ONGC (down 17%) and Oil India (down 6%) had underperformed the Sensex, which gained 21% till Thursday. Read More


ONGC to raise its first ever debt of Rs 25,000 cr to fund HPCL buy
Posted on 4th September 2017
Cash rich Oil and Natural Gas Corp (ONGC) will raise its first debt ever, of Rs 25,000 crore, to part fund the Rs 37,000 crore acquisition of government's stake in Hindustan Petroleum Corp Ltd (HPCL).

India's largest oil and gas producer has about Rs 13,000 crore in cash and would need to borrow the rest to fund the buying of government's 51.11 per cent stake in HPCL. Read More

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