22 Facts About ONGC

ONGC was founded on 14 August 1956 by the Government of India.

ONGC is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 kilometers of pipelines in the country.

ONGC has discovered 7 out of the 8 producing Indian Basins, adding over 7.

Against a global decline of production from matured fields, ONGC has maintained production from its brownfields like Mumbai High, with the help of aggressive investments in various IOR and EOR schemes.

Since its inception, ONGC has been instrumental in transforming the country's limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories.

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In 1963, ONGC discovered oil and gas sites in Sivasagar district and established oilfields in Lakua, Gelekey, and Rudrasagar.

ONGC went offshore in the early 1970s and discovered a giant oil field in the form of Bombay High, now known as Mumbai High.

At the time, ONGC employed 48,000 people and had reserves and surpluses worth 104.

In 1958 the then Chairman, Keshav Dev Malaviya, held a meeting with some geologists in the Mussoorie office of the Geology Directorate where he accepted the need for ONGC to go outside India too in order to enhance Indian owned capacity for oil production.

Malaviya followed this up by making ONGC apply for exploration licences in the Persian Gulf.

In 2006, a commemorative coin set was issued to mark the 50th anniversary of the founding of ONGC, making it only the second Indian company to have such a coin issued in its honour.

In 2011, ONGC applied to purchase 2000 acres of land at Dahanu to process offshore gas.

On 11 August 2012, ONGC announced that it had made a large oil discovery in the D1 oilfield off the west coast of India, which will help it to raise the output of the field from around 12,500 barrels per day to a peak output of 60,000 bpd.

In February 2016, the board of ONGC approved an investment of 5,050 crore in Tripura for drilling of wells and creation of surface facilities to produce 5.

ONGC's operations include conventional exploration and production, refining and progressive development of alternate energy sources like coal-bed methane and shale gas.

The primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas.

ONGC is ranked 367th on the Fortune Global 500 list of the world's biggest corporations as of 2016.

ONGC Mangalore Petrochemicals Limited is an Indian company promoted by Oil and Natural Gas Corporation and Mangalore Refinery and Petrochemicals Limited.

ONGC is holding many sport teams, such as athletics, badminton, basketball, boxing, chess, cricket, cue sports, carrom, field hockey, football, kabaddi, shooting, table tennis, tennis, volleyball and wrestling.

ONGC Tripura Power Company is a joint venture which was formed in September 2008 between ONGC, Infrastructure Leasing and Financial Services Limited and the government of Tripura.

ONGC was owed 92,000 crores from Reliance Industries Limited for the use of blocks of oil fields.

On 21 April 2021, three employees of the ONGC were allegedly abducted from Lakuwa field of Assam's Sivasagar district.