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Transcript of Ongc
ONGCOil & Natural Gas Corporation Ltd.
Towards a Brighter TomorrowTowards a Brighter Tomorrow
History
Before Independence
1948 1955 1956
Assam Oil co. in northeastern and Attock Oil co. northwestern.
Industrial Policy Statement.
Oil and Natural Gas Directorate.
Industrial Policy Resolution.
1959 1970’s
1991 1993-94
Commission was converted in Statutory body.
Discovered Bombay high.
Liberalized economic Policy.
Conversion of ONGC into ONGC Ltd.
1999 2002-03
ONGC, IOC and GAIL agreed to have cross holding in each others stock.
Taken over MRPL from A.V.Birla Group.
Challenges
Increased Competition within national boundary.
Overseas expansion.
Lack of availability of real time information.
Keep pace with technological advancement.
Rejuvenation of ONGC
Corporate Strategic goal.
Corporate Rejuvenation campaign.
Merger & Acquisitions and Strategic alliance.
Corporate Strategic goal
Doubling of in-place reserves to 12 Btoe.
Improving Average Recovery Factor from 26% to 40%.
Sourcing 20 MMToe from overseas.
It’s a type of Restructuring Strategy.
Shift from slow moving, rule bound organization to goal oriented accountable and responsive.
Engaged in intensive and innovative HRD processes.
Formation of different departmental committees.
Project ICE.
Corporate Rejuvenation Campaign
ONGC with IPR International Ltd. in Apr.2004
ONGC and Schlumberger in May 2004.
ONGC Videsh and Ghana National Petroleum Corporation in Oct.2004.
ONGC Videsh Ltd. And Gazpron in Dec.2004.
ONGC and Baker Hughes in Jan.2005.
ONGC with Shell Exploration Co. in Jan.2005
Mergers & Acquisition and Strategic Alliance
Acquired 71.6% majority shareholding in MRPL.
Acquired 23% equity interest in Petronet MHB Ltd.
Acquired 12.5% equity interest in Petronet LNG Ltd.
SWOT Analysis
StrengthStrength• State owned• Growing Demographics• Top Technology• Hard Industry for competitor to
enter• Strong Infrastructure
WeaknessesWeaknesses
• State owned
• Ever changing laws
Opportunity
Possible mergers with smaller Cos.
Finding alternative fuels before competitor.
Expanding into more areas.Grow their in the energy market.
Threat
Threat of alternative fuels
Thank youThank you