SR I_Brochure_I c.cdr - ONGC

Primary products
Our primary products include crude oil, natural gas and value added products such as naphtha, aviation turbine fuel (ATF),
liquefied petroleum gas (LPG), and superior kerosene oil (SKO).
Operational structure
ONGC is one of the five "Maharatna" CPSEs of the Government of India viz; a corporate with a majority shareholding of the
Government of India. Administratively, the ONGC Board reports to the Secretary, Ministry of Petroleum & Natural Gas
(MoP&NG). ONGC is guided by the Department of Public Enterprises, under the Ministry of Heavy Engineering and Public
Enterprises, towards general policies pertaining to the role of CPSEs in the overall national economic and social context,
performance management, monitoring & evaluation, corporate governance, corporate social responsibility and sustainable
development. ONGC is also governed by the Companies Act, 1956, regulations of various authorities like the Comptroller and
Auditor General of India (CAG), Central Vigilance Commission (CVC) and other nodal Ministries. The CPSEs fall under the
definition of 'State' as provided in Article 12 of the Constitution of India.
ONGC is structured on the concept of "Asset, Basin and Services". The oil and gas processing plants at Hazira and Uran
undertake large scale processing, dispatch and transmission of oil & gas including manufacture of value added products. All the
Assets, Basins and Services are steered by senior executives termed as "Key Executives" reporting directly to the concerned
Directors. Services include functions such as Geophysical Services, Well Services, Technical Services, Health, Safety &
Environment, Carbon Management, Corporate Social Responsibility, Human Resources and Employee Relations etc. These
services operate both at the corporate level and the operational work centres. Dedicated R&D institutes cover all the functions
associated with our activity chain, including management development and training, to provide the necessary research,
development and structured capacity building services across the organization.
ONGC Board annually signs a Memorandum of Understanding (MoU) with its administrative ministry, MoP&NG. The MoU,
which is a negotiated instrument, defines the physical, financial and other non-financial targets in quantitative terms. The MoU
defined targets then cascade down to the key executives of ONGC through Specific Performance Contract and Service level
agreements.
Assets, Basins, and Services
Assets: Oil and Gas Producing Properties
Basins: Exploratory Properties
Services: Providing support, enabling facilities and resources to the Assets and Basins towards the core functions of oil
and gas exploration, production and manufacture of related value added products.
Recognition
ONGCians at work