Oil and Natural Gas Corporation Ltd. (ONGC), a Fortune-Global 500 Company, is recognized as the Numero Uno E&P Company in the world and 20 th among leading global Energy majors as per 'Platts Top 250' global energy company ranking 2006.

ONGC has the distinction of being Asia's Best Oil & Gas Company. ONGC is ranked 15 th among Global Integrated Oil & Gas Companies by Market Capitalization in PFC Energy 50.

ONGC is placed at the top of all Indian Corporates listed in Forbes Global 2000 (rank 256 th ) and Financial Times Global 500 (rank 326 th ). It is ranked 402 nd in Fortune-500 by Turnover, and 115 th by profits (first from India).

Flagship Energy Major
In the last 50 years, ONGC has scripted India's hydrocarbon saga by discovering 6 of the 7 producing Indian Basins. ONGC met more than 80% of India 's domestic production of Oil & Gas in 2005-06. It has established its competitive edge, by bagging 59 out of the 108 Blocks (more than 50%), awarded in the 5 rounds of bidding, under the New Exploration Licensing Policy (NELP) of the Indian Government.

ONGC has recoverable reserves exceeding 1 billion tonnes of Oil and Gas and produces more than 1 million Barrels of Oil Equivalent (BOE) per day. It operates around 568,300 sq. km. of exploration area - holding 58% of licensed exploration and 56% of leased production area of the country.

To double its In-place reserves from 6 to 12 billion tonnes and improve recovery from 28% to 40% by 2020, ONGC is aggressively pursuing its E&P projects, spending 99.7% of its Capex (highest among Indian corporates) on them. It spends over 1.75 million US Dollars (8 Crore rupees plus) every day on exploration. The investment on enhancing production is around 3 billion US Dollars (14000 Crore rupees).

It owns and operates more than 11000 kilometers of pipelines in India , including nearly 3200 kilometers of sub-sea pipelines; no other company in India operates even half this route length. All its installations are certified for Quality, Health, Safety and Environment Management (QHSE), making ONGC unique in the world in this regard.

Increased Capex and Production in 2007-12
ONGC has set a Capex outlay of 18 Billion US Dollars (Rs. 82,670 Crore) in its XI Five Year Plan (2007-2012). ONGC is eyeing a production of over 140 Metric Tonnes of Crude oil during the XI Plan (increase of 10 MT over the X Plan) and 112 Billion Cubic Metres (BCM) of Natural Gas.

Biggest Indian Multinational
ONGC's wholly-owned subsidiary ONGC Videsh Ltd. (OVL) is the biggest Indian multinational, with 25 Oil & Gas properties in 15 countries, with a committed overseas investment of over 5 billion US dollars (23,000 Crore rupees). It targets bringing in 60 million tonnes of equity oil by 2025.

Biggest Wealth-Creator
ONGC is India 's ' Biggest Wealth Creator' during 1999-2005, as per an objective survey by Motilal Oswal Securities & Trading (MOST) Awards, 2005. ONGC has created the highest-ever Market Value-Added (MVA) of 5 billion US Dollars (23,000 Crore rupees) and the fourth-highest Economic Value-Added (EVA) of 100 million US Dollars (450 Crore rupees), as assessed in the 5th Business Today-Stern Stewart study (2003).

ONGC is the first among all Indian Corporates to cross 2 billion US dollars (9000 Crore rupees) in Net Profit, with a remarkable Net Profit to Revenue ratio of 29.8 per cent. It is among the Most Valuable Companies in India, with a Market Cap of 40 billion US Dollars (180,000 Crore rupees).

Integration
To secure more value from its business, ONGC has integrated into refining, taking up 71.6% equity in 9.69 million metric tonnes per annum (mmtpa) Mangalore Refinery and Petrochemicals Ltd. (MRPL). Under ONGC, MRPL is undergoing an expansion-cum-upgradation to 15 mmtpa at an investment of 1.7 billion USD (Rs. 8000 Crore); it will also have an integrated Aromatics Complex (ONGC holding 49% equity) to produce 0.9 mmtpa of Paraxylene at an investment of 1.1 billion USD (Rs. 5000 Crore) and an integrated Olefin Complex at an investment of 2.6 billion USD (Rs. 12,000 Crore). ONGC is implementing (holding 26% equity) another global scale Petrochemicals Complex at Dahej in Gujarat – investment of 3 billion USD (Rs. 13,600 Crore).

New Energy Sources
ONGC is pursuing clean coal opportunities systematically through Coal Bed Methane (CBM), Underground Coal Gasification (UCG) and Surface Coal Gasification (SCG) exploration. ONGC is also associated with National Gas Hydrate Program (NGHP). While remaining focused on Oil and Gas E&P, it is setting up an Energy Centre at New Delhi for holistic research in new Energy sources which can be brought to market.