ONGC Videsh Ltd. (‘OVL’) a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE) of the Government of India under the administrative control of the Ministry of Petroleum & Natural Gas is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India.

Recognition and Rewards

OVL has been conferred with the prestigious ‘SCOPE Award for Excellence and Outstanding Contribution to the Public Sector Management’ for 2009-10.

The award was presented by Dr. Manmohan Singh, Hon'ble Prime Minister of India on 31st January 2013


Assets :

OVL has stake in 33 oil and gas projects in 16 Countries, Viz.
Vietnam (2 projects),
Russia (2 projects),
Sudan (2 projects),
South Sudan (2 projects),
Iran (1 project),
Iraq (1 project),
Libya (1 project),
Myanmar (2 projects),
Syria (2 projects),
Cuba (1 project),
Brazil (2 projects),
Nigeria (1 project),
Colombia (8 projects),
Venezuela (2 projects),
Kazakhstan (1 project)
Azerbaijan (2 projects).


Key Financials

Key financial performance of OVL in last three years are given as below: (`. in million)

OVL’s cumulative investment up to 31st March, 2013 was USD 16.75 billion of which 73% has been financed through internal accruals.