ONGC Videsh Ltd., a Miniratna Schedule "A" Central Public Sector Enterprise (CPSE) of the Government of India under the authoritative control of the Ministry of Petroleum and Natural Gas is the completely claimed auxiliary and abroad arm of Oil and Natural Gas Corporation Limited (ONGC), the lead national oil organization (NOC) of India. The essential business of ONGC Videsh is to prospect for oil and gas acreages outside India, including investigation, advancement and generation of oil and gas. ONGC Videsh possesses Participating Interests in 38 oil and gas resources in 17 nations and delivered around 23.4% of oil and 18.9% of India's household oil and gaseous petrol generation individually in FY'17. Regarding stores and creation, ONGC Videsh is the second biggest oil Company of India, next just to its parent ONGC.

Current Assets Portfolio

ONGC Videsh has stake in 38 oil and gas extends in 17 Countries, Viz. Vietnam (2 ventures), Russia (3 ventures), Sudan (2 ventures), South Sudan (2 ventures), Iran (1 extend), Iraq (1 extend), Libya (1 extend), Myanmar (6 ventures), Syria (2 ventures), Brazil (2 ventures), Colombia (7 ventures), Venezuela (2 ventures), Kazakhstan (1 extend), Azerbaijan (2 ventures), Mozambique (1 Project), Bangladesh (2 Projects) and New Zealand (1 Project). ONGC Videsh had wandered into midstream and had effectively finished 741 Km item pipeline extend in Sudan in 2005, and is an accomplice in the Baku-Tblisi-Ceyhan (BTC) pipeline in the Mediterranean.

ONGC Videsh receives an adjusted portfolio approach and keeps up a blend of creating, found, investigation and pipeline resources. Right now, ONGC Videsh has oil and gas generation from 14 Assets, four Assets where hydrocarbons have been found and are at different phases of improvement, 16 Assets are under different phases of Exploration and 4 ventures are pipeline ventures.

Competitive Strengths

ONGC VIDESH works in very aggressive universal oil and gas division by contending with the best in the business. Throughout the years, ONGC Videsh has manufactured characteristic capacities and aptitude in its regions of operations. ONGC Videsh has created solid association partnership with a large group of IOCs and NOCs including ExxonMobil, British Petroleum, Shell, ENI, Total, Repsol, Statoil, Chevron, Petrobras, Sodeco, Socar, Rosneft, Daewoo, Kazmunaigaz (KMG), Petro Vietnam, CNPC, Sinopec, PDVSA, Petronas, Anadarko and Ecopetrol. It has profoundly talented human asset with superb specialized and administration abilities. The organization has assembled offices for assessment, elucidation, financial displaying, FEED, plan and execution of oil and gas extends and appreciates the specialized and human asset bolster from ONGC. ONGC Videsh has created center ability in due determination, techno-business assessments, offer arrangements and exchange documentations.

Reserves

ONGC Videsh has temporary 3P stores of approx. 743 MMTOE as on 01.04.2017.

Production Performance

ONGC Videsh is the primary Indian Company to create value oil and gas abroad. ONGC Videsh's creation begun in 2002-03 with initiation of generation of Block 06.1 in Vietnam in January 2003 and from Greater Nile Oil Project in Sudan in March 2003, accumulating a small 0.25 MMToe in FY'03. With supported development underway from its procured resources, ONGC Videsh's creation achieved 9.448 MMtoe in 2010-11. Unfavorable geo-political conditions in Sudan and South Sudan and compel majeure circumstance in Syria made decrease in oil creation a level 7.260 MMToe in 2012-13. In any case, in 2013-14, 2014-15 and 2016-16, generation expanded to the level of 8.357 MMToe, 8.874 MMToe and 8.916 MMToe, essentially because of better administration and expansion in the portfolio. With obtaining of 26% stake in Vankorneft in 2016, generation of ONGC Videsh has expanded to 12.803 MMToe for 2016-17.