SINGALE 1-24.cdr - ONGC

Strategy & analysis
We continuously work towards adapting our business strategy to align to the growing expectations of our key
stakeholders. All our stakeholders, including shareholders, employees, public agencies, partners, suppliers,
nearby communities, NGOs and the society in general, have certain expectations from us. Our challenge lies in the
ability to listen, converse, understand and, eventually, fulfill these expectations. We depicted how we create value
for our organization and our stakeholders in the figure alongside. We have initiated a transformation in our
sustainability governance and performance management systems to be able to more formally address stakeholder
expectations and this would be reflected in our future reports.
Exploration
Production
Technology &
Field Services
Value for ONGC
• Securing reserves
• Exploring new and
unconventional
areas
• R&D & collaboration
for exploration
expertise
• Sustainable production
• GHG management
• Environmental management
• Managing complex, high risk
production operations through
technology, safe and best practices
absorption
•Optimized maintenance
and technical services
•Synergized field services
including drilling and well
services
•Information Technology
competitiveness
Value for ONGC
stakeholders
• Contribution to
nation’s energy
security and
availability
• Safety and health at workplace
• Compliance to E & P rules and
regulations
• Oil spill prevention and response
• Resource efficiency
• Value creation for stakeholders
• Achieving customer satisfaction
Cross cutting issues
•Ethics and code of conduct
• Employee development
• Security and safety of installations
• Stakeholder engagement
• Social and environmental development metrics – Social impact assessment
• Response to new people challenges – age, skill, diversity, fair and transparent practices
13