ONGC Videsh Ltd - Company Profile
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ONGC Videsh Ltd (OVL), a subsidiary of Oil and Natural Gas Corporation Limited, is an upstream oil and gas company that explores, develops, and produces oil and gas from its international assets. It focuses on the acquisition of exploratory and production licenses in foreign countries. The company has working interests in several producing projects, exploration blocks, development blocks, and pipeline projects across the Middle East and Africa, Asia Pacific, Russia, and CIS countries. Its project portfolio includes ACG fields Block SS-04, Block EP-3, Block-128, Vankor, Block Satpayev, Block BM, Block LLA-69, Lower Zakum Concession, and Block Farsi. OVL is headquartered in New Delhi, India.
Headquarters
India
Address
Deendayal Urja Bhawan, Tower B, 5, Nelson Mandela Marg, Vasant Kunj, New Delhi, 110070
Website
www.ongcvidesh.com
Telephone
91 11 26129344
No of Employees
270
Industry
Energy and Utilities
Revenue (2023)
$1.5B
ONGC Videsh Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Condensate | Transportation Services |
| Natural Gas | |
| Crude Oil |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Plans/Strategy | In May, the company announced its plans to acquire a 50% stake in Tullow Oil's US$3.4 billion oilfield project in Kenya. |
| 2023 | Contracts/Agreements | In February, the company signed a Memorandum of Understanding with YPF SA, Argentina. |
| 2022 | Plans/Strategy | In October, the company, Indian Oil Corp Ltd, Bharat PetroResources Ltd and Oil India Ltd announced their plans to acquire 10% stake in UAE's ADNOC. |
Competitor Comparison
| Key Parameters | ONGC Videsh Ltd | Chevron Corp | Reliance Industries Ltd | Nayara Energy Ltd | Oil India Ltd |
|---|---|---|---|---|---|
| Headquarters | India | United States of America | India | India | India |
| City | New Delhi | San Ramon | Mumbai | Mumbai | Noida |
| State/Province | Delhi | California | Maharashtra | Maharashtra | Uttar Pradesh |
| No. of Employees | 270 | 43,846 | 389,414 | - | 6,759 |
| Entity Type | Private | Public | Public | Private | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Anupam Agarwal | Director - Finance; Chief Financial Officer | Senior Management | 2022 | - |
| Arun Kumar Singh | Chairman | Executive Board | - | - |
| Rajarshi Gupta | Director; Chief Executive Officer; Managing Director | Executive Board | 2022 | - |
| Manish Patil | Director - Human Resource | Executive Board | 2023 | - |
| Omkar Nath Gyani | Director - Operations | Executive Board | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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