Global Infrastructure Sherpa
O
Oil & Natural Gas Corporation (ONGC)
Oil & Natural Gas Corporation (ONGC) is India's largest crude oil and natural gas company, engaged in exploration, development, and production of hydrocarbons. It plays a pivotal role in India's energy security and is actively diversifying into refining, petrochemicals, and renewable energy to support the energy transition.
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Oil & Gas MajorOperatorDeveloperInvestor
Strategic Overview
- Committed to increasing domestic oil and gas production to enhance India's energy security.
- Actively pursuing diversification into renewable energy, green hydrogen, and CCUS to align with India's energy transition goals.
- Maintains a significant international presence through its subsidiary ONGC Videsh, with assets across multiple continents.
- Strategic investments in refining and petrochemicals through subsidiaries to integrate value chain.
Deal Activity from Public Sources
ONGC and NTPC Green Energy Limited (NGEL) signed an MoU for collaboration in renewable energy projects, including offshore wind, green hydrogen, and other green energy initiatives.
ONGC Videsh acquired a 20% participating interest in offshore Blocks 05-1B and 05-1C from Repsol.
ONGC and Shell India signed a Memorandum of Understanding (MoU) for undertaking a joint study on carbon capture, utilization, and storage (CCUS) opportunities.
Investment Focus
Technologies
Oil Gas1
Geography
India1
Key People
Arun Kumar Singh
Chairman & CEO
Pomila Jaspal
Director (Finance)
Anurag Sharma
Director (Onshore)
Pankaj Kumar
Director (Offshore)
Sushma Rawat
Director (Exploration)
Track Record
68
Years Active
Notable projects: Mumbai High Field (India), KG-DWN-98/2 Deepwater Project (India), Sakhalin-1 Project (Russia, via OVL)
Detailed Analysis
Technologies
Sectors
Geographies
Deal Stage