The crude oil is the raw material used by downstream companies such as IOC, BPCL, HPCL to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, Cooking Gas-LPG.
In a government survey for fiscal year 2016-17, it was ranked as the largest profit making PSU in India. The Mission of ONGC is "Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people".
ONGC is one of the most valuable public sector enterprises listed on Indian stock exchanges.
ONGC's wholly-owned subsidiary ONGC Videsh Limited (OVL) is the biggest Indian multinational in the energy space, participating in 36 oil and gas properties in 17 countries.
It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 km of pipelines in the country.
ONGC is one of the largest E&P company in India with in-house service capabilities in all the activity areas of exploration and production of oil and gas and related oil-field services.
The state-of-the-art technologies inducted and absorbed over the years such as depth domain processing, stratigraphic inversion, advanced volume based interpretation tools, stochastic lithofacies modeling using neural network, spectral decomposition, geo-statistical modeling, etc.
ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. It is a global energy holding company, engaged in the oil exploration, development, and production of crude oil and natural gas. Its segments include Exploration & Production (E&P), and Refining.
ONGC's wholly owned subsidiary and overseas arm ONGC Videsh is India's largest international oil and gas E&P company with 39 projects in 18 countries including Azerbaijan, Bangladesh, Brazil, Colombia, Kazakhstan, Mozambique, Myanmar, Russia, South Sudan, Sudan, Venezuela, Vietnam, New Zealand and Nambia. a ONGC emerged as the 2nd most profitable PSU in the Public Enterprises Survey 2017-18 contributing 12.49 % to the total profit earned by CPSEs.
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