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Incorporated in 1956, Oil and Natural Gas Corporation Limited (ONGC) is India based company involved in exploration and production of oil (hydrocarbons). ONGC's main business is around 2 energy segments: exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.
ONGC operates more than 22,000 km's of pipelines in India. Its subsidiaries include ONGC Videsh Limited (OVL), ONGC Nile Ganga BV (ONGBV), ONGC Nile Ganga (Cyprus) Ltd., Jarpeno Limited, Imperial Energy Tomsk Limited, San Agio Investments Limited and Imperial Energy (Cyprus) Limited.
Few highlights about ONGC:
- ONGC is a Fortune Global 500 company ranked 413.
- ONGC is Asia's largest and most active company.
- ONGC is at Rank 18th in top Global Energy Company Rankings.
- ONGC contribute 77% of India's crude oil production and 81% of India's natural gas production.