ONGC Videsh

ONGC Videsh Limited is a wholly owned subsidiary and the international arm of Oil and Natural Gas Corporation Limited (ONGC), a flagship national oil company of India. Operating under the administrative control of the Ministry of Petroleum and Natural Gas, ONGC Videsh is a Miniratna Schedule A Central Public Sector Enterprise (CPSE). The company is engaged in the exploration, development, and production of oil and gas assets across the globe.

ONGC Videsh has a diversified portfolio with stakes in 37 oil and gas projects spread across 17 countries. These projects range from exploratory to fully developed and producing assets. The company serves a wide array of clients, including national and international oil companies, governments, and private sector entities.

The business model of ONGC Videsh revolves around acquiring and managing overseas oil and gas fields. The company generates revenue through the sale of crude oil, natural gas, and other petroleum products extracted from its international assets. Additionally, the company is certified for Integrated QHSE (Quality, Health, Safety, and Environment) Management System, adhering to ISO standards, which underscores its commitment to operational excellence and sustainability.

ONGC Videsh's strategic focus on international markets helps India secure its energy needs while contributing to the global energy supply chain. The company leverages its technical expertise, robust management systems, and strategic partnerships to maximize the value of its assets.

Keywords: Oil exploration, Gas production, International assets, Energy security, CPSE, ISO certified, HSE management, Revenue generation, Strategic partnerships, Global operations.