#1
February 3rd, 2016, 07:24 PM
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ONGC outside India
Hello sir can you tell me primary object of ONGC Videsh Limited, as my friends want to collect its info ???
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#2
February 3rd, 2016, 07:26 PM
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Re: ONGC outside India
ONGC Videsh Limited main object is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas., it was incorporated as Hydrocarbons India Pvt. Ltd. on 5 March 1965 to carry out exploration and development of the Rostam and Raksh oil fields in Iran and undertaking a service contract in Iraq. ONGC Videsh Limited from mid-nineties re-oriented its focus on acquiring quality overseas oil and gas assets. ONGC Videsh, which had one asset in year 2000, gradually succeeded in competing with the best in the international arena and could conclude many large transactions across the world in subsequent years. At present time ONGC Videsh Limited owns Participating Interests in 33 oil and gas assets in 16 countries and contributes to 14.5% and 8% of oil and natural gas production of India respectively. in terms of reserves and production, ONGC Videsh Limited is the 2nd Biggest petroleum Company of India, next only to its parent ONGC. Address ONGC Videsh Ltd 601, Kailash Building, 26, Kasturba Gadhi Marg New Delhi, Delhi 110001 |