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International Business
Expansion Strategy
Introduction of ONGC
It was established in the year 1956.
Its Head quarter is in Dehradun.
The chairman of ONGC is Mr. Sudhir Vasudeva
Its revenue is $30.745 billion in the year 2012
Currently there are 32862 employees.
ONGC is business organization involved in the
Cont
It is one of the largest Asia-based oil and gas
Objectives of ONGC
Doubling reserves to 6 billion tones by 2020.
Improving average recovery from 28% to 40%.
Tying 20 MMT per annum of equity of hydrocarbon
from abroad.
Internationalization Strategy
of ONGC
Carried out in house studies of various moderate
and semi-major, major offshore and onshore fields.
Came up with about 400 Oil and Gas blocks.
Evaluated these fields with available data came
up with the priority list for foreign foray
oil/gas fields.
Joint venture with equity participation for exploration
and development blocks.
Consortium approach, pooling other Indian oil
companies, such as IOC Ltd, GAIL, etc.
Operator ship contracts (management contracts)
Turkey engineering Contracts.
British Petroleum.
c. Having 25 percent equity in the Greater Nile
Oil Project in Sudan.
Development in Qatar.
b. Having 70 percent interest in Exploration &
Appraisal in Egypt.
c. 15 percent interest in Development Phase in
Brazil.
d. 20 percent participation interest in Myanmar.
OVL Operations
Vietnam
Sudan
Myanm
ar
Sakhalin-I
Strengths:
O.N.G.C LTD is perceived to be the leader
in oil production industry.
O.N.G.C being an international company
has sufficient resources and capital to
invest.
It has a very efficient and professional
management team.
Being an international company has
sufficient resources and capital to invest.
WEAKNESS :
O.N.G.C facing difficulties to
produce oil from aging reservoirs.
SWOT analysis
OPPORTUNITY:
Energy utilization of buried coal
resource (700 -1700M), estimated
63BT Equivalent to15000 BCM.
THREATS:
Security of personnel & property
Current Scenario
"ONGC
QUESTIONS
Expansion)