SINGALE 1-24.cdr - ONGC

Our company has extended its operations beyond domestic operations through its wholly owned subsidiary OVL to source
equity oil and gas from overseas. OVL, one of the largest Indian multinationals, is the second largest E&P Company in India
only after ONGC. OVL continued to maintain its robust growth during 2009-10. It produced 8.87 MTOE, highest so far.
Currently, it is operating 40 projects in 15 countries including a 741 km long pipeline; 23 exploration projects, 9 producing
assets and 7 development projects.
MRPL, the refining arm of our company, has been maintaining its excellence as the most energy efficient and highest
capacity utilising PSU refinery, having refined 12.50 MMT crude in the reporting period. It has enhanced its nameplate
capacity and its expansion plan is progressing as per schedule.
ONGC, through its value-multiplier integration projects in the areas of refinery, liquefied natural gas, petrochemicals,
power, and through participation in special economic zone, has meaningfully established its portfolio in the entire
hydrocarbon value-chain.
New energy sources
Our company has taken structured initiatives to tap new energy sources like Coal Bed Methane, Underground Coal
Gasification, Gas Hydrates and Shale gas. “ONGC Energy Centre Trust” has been set up for holistic research in nonconventional
and alternate energy sources including hydrogen, solar PV, solar thermal, uranium and so on.
The Indian oil and gas industry has realized that “easy oil” has already been located and future oil and gas resources lie in
logistically challenging frontiers such as in deep water basins. Our company has a strategic goal of establishing 4 billion
tonnes of deep water reserves out of the targeted 6 billion of total reserves by 2020. Our company is the second operator in
the world (after Chevron), to have drilled in water depths of over 3000 meters.
Research & technological innovation
On the R&D front, we stand as a technology-oriented, knowledge-based organisation. Twelve institutes located throughout
India are engaged in research, covering key areas of exploration, drilling, reservoir management, production technology,
ocean engineering, safety and environment protection. The R&D institutes provide essential support to keep pace with the
latest developments in technology world over, through procurement of state-of-the-art technology and forming strategic
alliance with world leaders.
ONGC Teri Biotech Ltd (OTBL) is another initiative through which our company has undertaken the research in the area of
bio-remediation and microbial enhanced recovery. Apart from its own institutes, our company also carries out number of
innovative research projects in collaboration with reputed institutes.
Environment sustainability
While we remain firmly focused on our task of ensuring India’s energy security, we have not lost sight of the global as well as
local challenges emanating from sustainability issues. Our policies drive us to de-carbonize our operations through
efficient energy utilization and green house gas mitigation while, simultaneously, focusing on employee health and safety
and community well being. We are undertaking initiatives in greenhouse gas (GHG) reporting and reduction, flare
reduction and utilization of renewable energy. We have demonstrated our environmental responsibility and commitment
towards sustainability through our enterprise wide sustainability initiatives and cross functional groups.
Our company has been making significant contributions towards conservation of nature by undertaking plantations of
mangrove, ringal-bamboo and others annually. These plantations are set to bring about improvements in maintaining
biodiversity in otherwise ecologically fragile areas.
Our carbon management group has sustained their outstanding performance this year when we registered two Clean
.
Development Mechanism project with UNFCCC It is a mark of distinction that we are the only central Public Sector Unit in
India to have six registered clean development mechanism (CDM) projects with UNFCCC with expected annual Certified
Emission Reductions (CERs) of 209,460 units. We are also taking up fugitive methane reduction projects under the global
“Methane to markets” program in association with US Environmental Protection Agency (USEPA) and are one of the first
non-US, state owned entity to join this initiative.
We are the founder member of the United Nations Global Compact in India and our latest “Communication on Progress”
can be downloaded from http://www.ongcindia.com/download/COP_GlobalCompact/Global_compact_COP.pdf.
Further, our company has been participating in the Carbon Disclosure Project (CDP) since 2007. We believe in timely
disclosures on our sustainability performance.
8