The letter summarizes the company's achievements in the last fiscal year. It states that the company recorded its highest ever production of 62.05 million tonnes of oil and gas. It also made considerable progress in shale gas exploration. However, rising crude oil prices have increased petroleum product prices significantly. The government is subsidizing prices but the company is bearing 82% of the subsidy burden. It is also setting up a new 102MW power plant in Rajasthan. The company has received several awards and recognitions. The shareholder support has helped the company achieve new milestones consistently.

5. DEAR Shareholder’s
The last fiscal year Has Been A Year Of Achievements For Your
Company, And Indeed It‟s A Pleasure For Me To Share The Same With
You. First Of All, Your Company Has Recorded The Highest Ever
Production Of 62.05 Million Tonnes Of Oil And Oil Equivalent Gas. Your
Company Has Made Considerable Breakthrough In Shale Gas
Exploration.
Because Of 22% Hike In The Price Of Crude Oil, Petroleum Product‟s
Prices Have Risen Considerably. To Make The Petroleum Products
Affordable, The Indian Government Had To Subsidize The Prices. Your
Company Is Having To Bear The Burden Of Subsidy To The Tune Of
82%. The Company Is Setting Up A 102mw Capacity In Rajasthan.
Besides The Maharatna Status Award, Your Company Has Been
Awarded The Top Rank Amongst The 44 Global Oil And Gas Companies
As Per The Organizational Disclosure Practices For „Promoting Revenue
Transparency‟.
Your Unsatiated Support And Patronage Has Always Given Us
Confidence To Achieve New Milestones In Performance Fronts On A
Continuous Basis. I Am Sure That The Management Will Continue
Getting Your Support And Will Grow And Prosper In A Sustainable
Manner For The Years To Come.
With Best Compliments.
A.K HAZARIKA

8.  Creation of Oil and Natural Gas Commission
 Oil & Natural Gas Directorate upgraded to Oil and Natural
Gas Commission in 1956.
 Commission converted into a statutory body by Act of
Parliament in 1959 for planning, promoting, organising and
implementation of programme for development of
Petroleum resources in India.
 Hydrocarbon India Ltd. (HIL), precursor to ONGC Videsh
Ltd., formed in 1965.
 Oil and Natural Gas Commission becomes Oil and Natural Gas
Corporation on 1st Feb.’1994.
 In 1997 ONGC is declared as one of the “Navratna” PSU.
 ONGC becomes a “Maharatna” PSU in 2010.

9. •
•
•
•
•
•
•
•
Crude oil
Natural gas
Ethane
Superior Kerosene Oil
HSD
LPG
Motor Spirit
Aromatic Rich Naptha

10. Economic Growth
Powered by Energy
Energy is a Key Enabler for Economic Growth
10

11. Energy Sources
.
Finite
1.
2.
3.
Coal
Oil
Gas
Infinite/ renewable
1.
2.
3.
4.
Solar
Wind
Hydroelectricity
Biomass etc.

12. • For India, sourcing of Energy remains a
challenge…..
with 16% of Global Population;
0.5% of world’s Petroleum Reserve;
10% of world’s coal reserves;
8-10% GDP growth target; &
4.5% CAGR (’97-07’) in energy demand

13. ONGC Group produces ~ 1.2 million barrels per day of oil
Plus Oil- equivalent Gas,
from a balance reserve of > 11 billion barrels O+OEG:
refines about 12.5 MMTPA ( >270, 000 bopd):
extracts about 3 MMTPA of Value Added Products
Sells Crude Oil, Gas Value Added Products
(LPG, Naphtha, Ethane-Propane, SKO, HSD, ATF etc.)
with a turnover of USD 23.83 billion (2008-09)
13

14. Overseas E&P
Refineries
SEZ
Value-chain
(23%)
(100%)
(26%)
(71.6%)
Services
(50%)
(23%)
(23%)
Joint Ventures
(49*%)
Subsidiaries
(50%)
(21.5%)
(100%)
(26%)
(100%)
(100%)
(100%)
Kakinada
SEZ
(12%)
(50%)
ONGC Campos
Holdings Ltda
ONGC Do Brasil
Explorancao
Petrolifera Ltda
Power
(50.0%)
(100%)
ONGC Amazon
Alaknanda
Ltd (OAAL)
* OMPL: 46% ONGC & 3% MRPL
14

15. ONGC- E&P Global Footprints
38* Projects in 18 Countries
24 Exploration
6 Development
7 Producing
OVL Production (O+OEG) : 8.776 MMToe
Venezuela
1
Cuba
Colombia
3
Brazil
2
1
2
Libya
Congo Br
Sudan
1
15
Vietnam
Turkmenistan
1
1
Myanmar
1
1
3
2
1
1
2
Nigeria JDZ
2
1
3
Nigeria
Russia
Iran
1
Qatar
1
1
2
Egypt
2
Iraq
1
Syria
* 38th project is Sudan’s 741 km long
completed Pipeline
15

16. ONGC: Domestic Operations
Rajasthan Onshore
Assam Self
Tripura
Western Onshore
Jharia (CBM)
Dahez SEZ,
OPAL
PETRONET
Kakinada SEZ
Western Offshore
Mahanadi Offshore
MRPL Refinery
KG Offshore
KG Onshore
16
Cauvery Onshore
Cauvery Onshore
16

23. •
• ONGC stake sale fetches Rs 12,666 cr: Pranab
• March 1, 2012, 11:45 pm | Press Trust of India BUSINESS
• New Delhi: Terming the ONGC stake sale as "a great
success", Finance Minister Pranab Mukherjee on Thursday
said the government has raised Rs 12,666 crore from auction
of its 5 per cent stake in the oil major. "It is a great
success...Our latest figure (from auction of ONGC shares) is
now Rs 12,666 crore, which comes to 98.3 per cent
subscription," he told reporters here. He said auction route to
sell government stake in a PSU was a "highly experimental
option". Mukherjee said it was "a great success". The
exchanges BSE and NSE, on whose platform the auction was
conducted, in a joint statement said, "The ONGC offer for sale
was completed today using the secondary market

24. • Company has vast pool of skilled and talented
professionals–the most valuable asset for the company.
Company continued to extend several welfare benefits to
the employees and their families by way of
comprehensive medical care,education, housing and
social security.

25. • This Code of Conduct (hereinafter referred to as “Code”)
is applicable to the Members of the Board (hereinafter
referred to as “Directors”) and Senior Management of
Oil and Natural Gas Corporation Limited
(the“Company”) and its unlisted subsidiaries. The
Company currently has in place the Conduct, Discipline &
Appeal Rules, 1994 as amended from time to time (the
“CDA Rules”), which govern the conduct of all
employees of the Company including Whole-time
Directors. The Code is applicable to all Members of the
Board and all Senior Management Personnel. We must
recognize that compliance of the Code is essential for
promoting stakeholder confidence in our organization.
Therefore, every ONGCian is expected to voluntarily
comply with the Code.

26. • The Unions had submitted their charter of demands in
2007, thereafter, a tripartite Long Term Settlement (LTS)
was signed on 18.09.2010 by the Management and
Union before Regional Labour Commissioner (RLC). The
ONGC Board, in its 209th meeting held on 22nd
September, 2010 accorded approval for implementation
of this tripartite settlement for Wage Revision of
Unionised category of employees of ONGC w.e.f
1.1.2007.

27. • Employees Contributory Provident Fund (ECPF) Trust,
managing Provident Fund accounts of employees of the
Company.
• • The Post Retirement Benefit Scheme (PRBS) Trust of the
Company manages the pension scheme of the employees.
• • The Composite Social Security Scheme (CSSS) formulated
by Company provides an assured ex-gratia payment in the
event of unfortunate death or permanent disability of an
employee in service. Families of deceased employees get a
financial assistance under the scheme ranging between 1.5
million to 2.0 million.
• ONGC Sahayog Trust has been created for welfare of
secondary workforce or their heirs, who are in financial
distress.
• Gratuity Fund Trust has been created for payment of gratuity
with provision of Gratuity Rules.
• Company implemented the Employees Pension Scheme
(EPS–1995), retrospectively w.e.f. 16th November, 1995.

28. The perception of ONGC has vastly improved among the
stakeholders-investors, government and general public
because of good boundary management by the
organization. Some of the positive steps taken by ONGC is
like signing of an integrity pact with vendors, regular
vendors meet, better vigilance administration and the
media has helped it in achieving a better perception about
the organization.
ONGC plays a major role in every way possible and it
represent India to the world.

29. • Company has 184 International & National sportspersons
who represent ONGC as well as the country in various
national and international events throughout the year. In
addition to this, ONGC supports around 100
sportspersons through scholarships. During the year,
ONGC sportspersons left an indelible mark in mega
sporting events like Commonwealth Games, Asian
Games and ICC World Cup. Cricket icons Gautam
Gambhir, Munaf Patel and Virat Kohli of ONGC played
a stellar role in winning the coveted ICC World Cup
Trophy after a gap of 28 years for India.

30. •
•
•
•
•
•
•
•
•
•
•
•
Education including vocational courses.
Health Care.
Entrepreneurship (self help and livelihood generation) schemes.
Infrastructure support near our operational areas.
Environment protection, ecological conservation, promotion.
Protection of heritage sites, UNESCO heritage monuments etc.
Promotion of artisans, craftsman, musicians, artists etc. for
preservation of heritage, art and culture.
Women's empowerment, girl child development, gender
sensitive projects.
Promoting sports/sports persons; supporting agencies
promoting sports/sports persons.
Water management including ground water recharge.
Initiatives for physically and mentally challenged.
Sponsorship of seminars, conferences, workshops etc.

31. Water Management
Education
Disaster Relief
Project HEAT

34. • ONGC has been ranked as the Number One
Exploration & Production Company in the World and
18th in the overall listing of global energy companies
as per Platts Top 250 Global Energy Company
Ranking 2010(November, 2010).

38. ‘Excellence’ marks ONGC says Sudan Minister
January 18, 2007
One word that would aptly sum ONGC is ‘excellence’ remarked H.E. Dr. Ms. Angelina Teny, State
Minister, Ministry of Energy and Mining, Sudan after visiting the ONGC Stall and perusing the
ONGC portal or.net at Pragati Maidan here today.
Yemen invites ONGC to build 1 billon dollar refinery
January 17, 2007
Yemen has invited Oil and Natural Gas Corp (ONGC) to build a 100,000 barrels per
day refinery on its Arabian sea coast but the Indian state-run firm has conditioned
participation in the 1-billion dollar project on being allotted an oilfield in return.

39.  In harsh environment – Deep Sea (Offshore)
 Finding cost very high
 Developing deep sea fields–cost higher & time consuming
 Big new field in Onshore
 For putting the find to producing Asset on fast track
• Enhance production from the existing matured & Ageing
fields through





Increasing Recovery Factor of existing fields
Monetization of idle Assets
Optimization of flowing wells
Revamping of Ageing Installations
Achieving Zero Flaring of Gas
39

41. • "Not only had India... set up her own machinery for
oil exploration and exploitation... an efficient oil
commission had been built where a large number of
bright young men and women had been trained and
they were doing good work."
- Pandit Jawahar Lal Nehru, India's first Prime Minister to
Lord Mountbatten, on ONGC (1959).

42. Presented by:
Wasim Akram