This document provides a history and overview of ONGC (Oil and Natural Gas Corporation Ltd.) in India. It discusses ONGC's establishment before Indian independence in 1948 and key events through the 1990s when it was converted to a limited company. It outlines ONGC's corporate strategic goals to double reserves and recovery factors. The document also summarizes ONGC's corporate rejuvenation campaign involving restructuring and HR initiatives. It lists some of ONGC's mergers, acquisitions, and strategic alliances in the early 2000s. Finally, it provides a brief SWOT analysis of ONGC's strengths, weaknesses, opportunities, and threats.

1. ONGC
Oil & Natural Gas Corporation Ltd.
Towards a BrighterTowards a Brighter
TomorrowTomorrow

2. History
Before
Independence
1948 1955 1956
Assam Oil co. in
northeastern
and Attock Oil
co.
northwestern.
Industrial Policy
Statement.
Oil and Natural
Gas Directorate.
Industrial
Policy
Resolution.

3. 1959 1970’s 1991 1993-94
Commission
was converted
in Statutory
body.
Discovered
Bombay high.
Liberalized
economic
Policy.
Conversion of
ONGC into
ONGC Ltd.

4. 1999 2002-03
ONGC, IOC and
GAIL agreed to
have cross
holding in each
others stock.
Taken over
MRPL from
A.V.Birla Group.

5. Challenges
 Increased Competition within national boundary.
 Overseas expansion.
 Lack of availability of real time information.
 Keep pace with technological advancement.

6. Rejuvenation of ONGC
 Corporate Strategic goal.
 Corporate Rejuvenation campaign.
 Merger & Acquisitions and Strategic alliance.

7. Corporate Strategic goal
 Doubling of in-place reserves to 12 Btoe.
 Improving Average Recovery Factor from 26% to 40%.
 Sourcing 20 MMToe from overseas.

8.  It’s a type of Restructuring Strategy.
 Shift from slow moving, rule bound organization to goal
oriented accountable and responsive.
 Engaged in intensive and innovative HRD processes.
 Formation of different departmental committees.
 Project ICE.
Corporate Rejuvenation Campaign

9.  ONGC with IPR International Ltd. in Apr.2004
 ONGC and Schlumberger in May 2004.
 ONGC Videsh and Ghana National Petroleum Corporation
in Oct.2004.
 ONGC Videsh Ltd. And Gazpron in Dec.2004.
 ONGC and Baker Hughes in Jan.2005.
 ONGC with Shell Exploration Co. in Jan.2005
Mergers & Acquisition and
Strategic Alliance

10.  Acquired 71.6% majority shareholding in MRPL.
 Acquired 23% equity interest in Petronet MHB Ltd.
 Acquired 12.5% equity interest in Petronet LNG Ltd.

11. SWOT Analysis
StrengthStrength
• State owned
• Growing Demographics
• Top Technology
• Hard Industry for competitor
to enter
• Strong Infrastructure

12. WeaknessesWeaknesses
• State owned
• Ever changing laws

13. Opportunity
Possible mergers with smaller
Cos.
Finding alternative fuels before
competitor.
Expanding into more areas.
Grow their in the energy market.

14. Threat
Threat of alternative fuels

15. Thank youThank you