Oil & Natural Gas Corporation (ONGC) is the largest crude oil and natural gas Company in India. Crude oil is the raw material used by downstream companies like IOC, BPCL, and HPCL (subsidiary of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas-LPG. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. 

ONGC as an integrated Oil & Gas Corporate has developed in-house capability in all aspects of exploration and production business i.e., Acquisition, Processing & Interpretation (API) of Seismic data, drilling, work-over and well stimulation operations, engineering & construction, production, processing, refining, transportation, marketing, applied R&D and training, etc.

With more than 50 years of Exploration ONGC had discovered many Producing basins of India. These Oil Producing Basins are;

• 1958 - Cambay, Gujarat
  
• 1967 - Rajasthan
  
• 1973 - Assam
  
• 1974 - Mumbai Offshore
  
• 1980 - Krishna Godavari Basin
  
• 1985 - Cauvery Basin

Business area of the company

ONGC is one of the largest exploration and production (E&P) Company in India with in-house service capabilities in all the activity areas of exploration and production of oil & gas and related oil-field services. The state-of-the-art technologies inducted and absorbed over the years such as depth domain processing, stratigraphic inversion, advanced volume-based interpretation tools, stochastic lithofacies modeling using neural network, spectral decomposition, geo-statistical modeling, etc. 

Core business expertise of the company

• Exploration: Since its establishment in 1956, ONGC has been at the forefront of India’s energy security. Being a Maharatna Company, ONGC carries the critical responsibility of discovering, developing and augmenting hydrocarbon reserves which form the backbone of the nation’s energy security. Its exploration operations span over Ultra Deep Water, Deep Water, Shallow Water and Onshore domains, covering a geologically diverse portfolio across the Indian subcontinent.
• Drilling: ONGC’s Drilling Group is at the core of India’s upstream energy sector, delivering integrated drilling, well services, and well stimulation solutions across diverse geological terrains-from onshore basins to offshore deep and ultra-deep waters. In line with its environmental commitment, ONGC implemented Zero Liquid Discharge (ZLD) in onshore drilling for exploratory wells, ensuring no off-site wastewater discharge.
• Production: Constant efforts by ONGC, one of the leading upstream petroleum companies in India, on the production front have yielded meaningful results. Through Energy Strategy, ONGC has set a target to double its Oil and Gas production from its domestic, as well as overseas fields. ONGC also plans to expand its refining capacity three-fold alongside diversification into renewables.
• Applied R&D and Training: ONGC has taken steps to evaluate various forms of energy to fulfil the country’s growing energy needs. Continuing the efforts to improve oil and gas technology scenario in the country, it has established an ONGC Energy Centre Trust (OECT), which is mandated to undertake or assist in programs/ projects of fundamental and applied research for improving and developing commercially viable energy mediums and sources beyond hydrocarbons, especially in clean and/or renewable energy options.
• Engineering & Construction: Offshore Engineering Services (OES) is a core group of multi-disciplinary engineers in ONGC entrusted with the task of creation of new facilities at Offshore as well as enhancement and revamp of existing facilities. OES provides the following facilities for Exploration and Transportation of Hydrocarbon in Western Offshore.

ONGC’s new initiatives in energy

• Gas Hydrates
• Coal Bed Methane
• Solar Energy
• Wind Energy
• Shale Gas
• Underground Coal Gasification

Awards

• ‘Energy and Environment Foundation Global Safety Award 2019’: IPSHEM received the prestigious ‘Energy and Environment Foundation Global Safety Award 2019’ in Platinum category during 9th World Petro-Coal Congress & Expo (WPCC), 2019.
• Award for Best Innovative Practices for Women at Workplace: ONGC has won the Best Innovative Practices Award for Women at Workplace at the 2nd Gender Equality Summit organized by Global Compact Network India on the theme ‘Preparing Women for the Future of Work’, on 1 March 2019 at New Delhi.
  
• CSR work in Jammu & Kashmir recognized by FICCI: The Company has been conferred with FICCI award for Corporate Social Responsibility (CSR) projects undertaken by it in Baramulla and Uri of Jammu & Kashmir.
  
• Golden Peacock Award for HR Excellence: ONGC won the Golden Peacock Award for HR Excellence in a ceremony organized by Institute of Directors (IOD) at Mumbai.
  
• Governance Now Award: ONGC was awarded Governance Now Award for its “HR Excellence” and “Communication Outreach” at the 6th PSU Awards held at New Delhi.
  
• Saksham Award for the best Overall performance in Upstream Sector: ONGC for its recognition of its efforts for promoting Oil & Gas Conservation during ‘Saksham 2018’ was honoured with the award for best overall performance in the ‘Upstream Sector’ at the inaugural function of ‘Sanrakhsan Kshamta Mahotsav-2019’ (Saksham-2019).
  
• FIPI Oil & Gas Awards 2017: ONGC has been conferred with two awards under prestigious categories of ‘Exploration & Production - Company of the year’ and ‘Environmental Sustainability - Company of the year’ by Federation of Indian Petroleum Industry (FIPI).
  
• ‘GLOBAL ENVIRONMENT AWARD’: IPSHEM, Goa received prestigious ‘Energy And Environment Foundation Global Environment Award 2018’ under the Platinum category during the 9th World Renewable Energy Technology Congress and Expo-2018.
  
• Top honours at Swachhta Pakwada Awards: ONGC has received top honours at ‘Swachhta Pakhwada’ Awards in Delhi.
  
• INFRA Icon Award in the ‘Global Energy' category: ONGC has been conferred with INFRA Icon Award in the “Global Energy” category at the mid-day INFRA Icons Awards 2018.
  
• ‘Maharatna of the Year (Non-Manufacturing)’ in Dalal Street’s Roll of Honor: ONGC has been recognized in the Dalal Street Investment Journal’s Roll of Honor list of India’s Best Public Sector Undertakings 2017 as the ‘Maharatna of the Year (Non-Manufacturing)’.
  
• Green Rameswaram CSR project bags accolades at 2nd Innovative Practices Awards: ONGC's ‘Green Rameswaram’ CSR Project was crowned winner under the ‘Sanitation Category’ at the 2nd Innovative Practices Awards for Sustainable Development Goals at Bengaluru.
  
• Bagged four awards at 5th Dun & Bradstreet PSU Awards: ONGC has been awarded with four accolades at 5th Dun & Bradstreet PSU Awards. It has been adjudged the winner in categories viz. ‘Mining & Exploration: Crude Oil’, ‘Mining & Exploration’, ‘CSR’ and ‘Swachh Bharat’.
  
• ONGC Ranked 220 in Forbes Global 2000 list
  
• Dun & Bradstreet Award 2019 in the 'Oil and Gas Exploration' category: ONGC has been adjudged the winner in the 'Oil and Gas Exploration' category of the Dun & Bradstreet Corporate Awards 2019.
  
• Platts Top 250: Ranked no.1 E&P Company: ONGC maintained its First Position globally in the industry category ‘Oil and Gas Exploration and Production’ and achieved overall ranking of 21st position in the Platts Top 250 Global Energy Company Rankings-2018.
  
• Ranked 160 in coveted Fortune Global 500 list 2019: India’s largest oil and gas producer has been ranked 160 in the coveted Fortune Global 500 list.
  
• S&P Platts Global Energy Award 2019: ONGC awarded for Corporate Social Responsibility - Diversified Program. ONGC is the only Indian company to bag honors across all categories.
  
• Certified as Great Place to Work: ONGC has been certified by the Great Place to Work, for its ‘high-trust, high-performance culture’; Great Place to Work is an USA-based global leader in certification of HR practices.
  
• Golden Peacock National Quality Award - 2020: The Golden Peacock National Quality Award for the year 2020 has been conferred to ONGC in recognition of its robust Quality Management Systems. The Golden Peacock National Quality Award is an annual award administered by the Golden Peacock Award Secretariat, as a part of the activities of ‘The Institute of Directors, New Delhi’.
  
• ONGC Videsh (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), has won the India Risk Management Award constituted by ICICI Lombard & CNBC-TV18, second time in a row in the category Best Risk Management Framework and Systems - PSU in 2020.
  
• ONGC has bagged Golden Peacock Environment Management Award for second consecutive year. In another major recognition towards ONGC’s corporate commitment towards maintaining a healthy and sustainable environment, the Energy Maharatna has been conferred with the prestigious Golden Peacock Environment Management Award 2020.
  
• After bagging The India Risk Management Award - 2021 constituted by ICICI Lombard & CNBC-TV18 in April 2022, ONGC Videsh added another feather in its cap by receiving Winner of ‘Golden Peacock Award for Risk Management’ for the year 2021.
• In recognition of its efforts for phenomenal growth in procurement through Government e-Marketplace (GeM), ONGC has been conferred the award for 3rd highest procurement by value on GeM during FY 2021-22. 
• In recognition of its exemplary efforts in energy conservation, Maharatna ONGC has been conferred with the ‘Best Overall Performance Award’ in 'Upstream/Midstream Sector’ for oil and gas conservation activities during Saksham-2021.
• ONGC conferred with Best Risk Management & Risk Assessment Award at India HSE & Awards Summit in 2022.
• ONGC’s Enterprise Risk Management was honored with the prestigious Grow Care India Risk Management Gold Award 2022 on April 03, 2023 for its innovative techniques in assessment, analysis & business impact.
• ONGC conferred with Swachhta Pakhwada Award 2022 for spending more than Rs 1000 crore for FY 2022-23 for furthering Hon’ble Prime Minister Narendra Modi’s vision of Swachh Bharat.
• ONGC was conferred with the ‘Best security Practices in Energy Sector’ Award at the Annual Information Security Summit on December 22, 2022 in recognition of its sophisticated efforts in Information Security.
• ONGC conferred with the prestigious ‘Best Employer Award’ at the North India Best Employer & HR Leadership Excellence Awards organized by World HRD Congress on December 22, 2022.
• Energy Maharatna ONGC conferred with the ‘Finance Transformation Award’ for ‘comprehensive digital transformation of entire Finance process’ at the SAP Achievement in Customer Excellence Awards 2022 on November 04, 2022.
• The Institute of Drilling Technology (IDT) is a premier R&D institute of ONGC, ONGC Dehradun, was awarded the prestigious Golden Peacock National Training Award for the year 2022.
• ONGC was honored with the prestigious award 2023 in the Maharatna of the Year - Non-Manufacturing category by Dalal Street Investment Journal (DSIJ).
• ONGC was recognized as a runner-up for bagging the second position at the FICCI HR Innovation Awards 2023 which highlights the best practices of Corporates in the HR domain.
• The Institute of Drilling Technology (IDT) is a premier R&D institute of ONGC, was honored with two prestigious awards at the 23rd Annual Greentech Environment Awards 2023.
• IDT also bagged the 'Platinum Award in the Petroleum Exploration Sector for Outstanding Achievement in Occupational Health and Safety (OHS) Management' at the GrowCare India OHS Awards 2023.
• ONGC received Green Ribbon Champions Award for biodiversity conservation by CNBC, Network18 Group, in recognition of its commitment to sustainability and consistent efforts in protecting biodiversity surrounding its operational areas on March 25, 2023.
• Data Security Council of India (DSCI) Excellence Awards 2024 was conferred to ONGC during the 19th edition of the DSCI Excellence Awards ceremony held in December 2024 in the category of 'Best Security Practices in Energy Sector'.
• India’s Top Value Creator Award 2024 was bestowed on ONGC in recognition of its outstanding contribution to the Indian oil and gas sector and its continued leadership in value creation.
• ONGC bagged the award in the Oil and Gas Exploration category at the 24th edition of the Dun & Bradstreet - G7 CR Technologies India’s Top 500 Value Creators summit held in Mumbai on November 29, 2024.
• ONGC's Institute of Drilling Technology has clinched the award in the Team of the Year category for its outstanding contributions to the recycling and waste management domain.
• ONGC has been honored with the prestigious 14th Annual EEF Global Environment Award 2024 in the Platinum category by the Energy and Environment Foundation, recognizing its exceptional achievements in reducing pollution and exemplary environmental management practices.
• ONGC Mehsana Asset has been conferred the prestigious Greentech Environment Award 2025 by the Greentech Foundation in recognition of its outstanding contributions to environmental management and sustainability.  
• ONGC has earned prestigious recognition at the ET Government PSU Leadership and Excellence Awards 2025, securing top honors in both sustainability innovation and governance excellence.
• ONGC’s Mehsana Asset, Cambay Asset, B&S Asset and Dahej Plant have been awarded the International Safety Award 2025 by the British Safety Council, securing a score of 51 out of 55. The recognition reflects the Asset’s consistent efforts in strengthening workplace safety, risk management and employee well-being across its operations.
• ONGC Mehsana Asset has been honored with the Global Energy & Environment Foundation's prestigious award in recognition of its unwavering commitment to environmental stewardship and sustainability.

Milestones

The Company’s Evolution can be summarized as under:

• 1955 - Inception
  
• 1958 - First Oil in Cambay
  
• 1960 - Oil  gas discovery in Gujarat
  
• 1963 - Oil in Assam
  
• 1965 - Concept of ONGC Videsh Operations
  
• 1970 - first Offshore well
  
• 1974 - Mumbai High discovered
  
• 1976 - Bassein Gas field of Mumbai High
  
• 1984 - GAIL formed out of ONGC
  
• 1993 - ONGC a limited company
  
• 1993 - Govt of India divest 2% share
  
• 1994 - 2% share to employees
  
• 1999 - Equity swap ONGC, IOC, GAIL
  
• 2003 - Acquired Mangalore Refineries Petrochemicals Ltd from Birla Group
  
• 2003 - Ist equity Oil & gas from Sudan / Vietnam
  
• 2004 - Govt of India divests 10%
  
• 2006 - Diversification - ONGC Petro additives Ltd and ONGC Mangalore Petro Ltd
  
• 2007 - ONGC Energy Centre formed
  
• 2010 - Coal Bed Methane Production
  
• 2013 - Oil at Kazakhstan/Mozambique
  
• 2014 - Top Energy Company of India; 5th in Asia, 21st globally: Platts
  
• 2015 - ONGC Energy Center receives US Patent
  
• 2016 - Forbes Global: ONGC 3rd largest in India
  
• 2018 - 51.11% stake in Hindustan Petroleum Corporation Limited
  
• 2019 - Invests Rs 83,000 crore in 25 projects; oil & gas gain over 180 MT
  
• 2020 - ONGC bags 7 Blocks in Bid Round IV of OALP
  
• 2021- ONGC ranked 4th in India in 2021 ranking of Fortune Global 500 list
• 2021- ONGC signs MoU with SECI to scale up clean energy projects
• 2022- ONGC signs MoU with Equinor
• 2022- ONGC’s arm makes new discovery in Colombia
• 2022- ONGC signs agreement with ExxonMobil
• 2022- ONGC has been placed at the 14th position in the S&P Global Commodity Insights Top 250 Global Energy Company Rankings 2022.  
• 2023- ONGC ranked 4th in India and 158th globally in the Fortune Global 500 List 2023.
• 2023- ONGC recreates offshore platform for India Energy Week-2023
• 2023- ONGC gets certified for ABMS by international accredited certification body
• 2023- ONGC’s arm secures another 3 year extension to explore oil & gas in Vietnamese block
• 2024- ONGC inks agreement with TotalEnergies to detect, measure methane emissions
• 2024- ONGC inks joint venture agreement with NGEL
• 2024- ONGC’s arm secures contract extension for producing oil and gas in Vietnam
• 2024- ONGC’s arm signs agreement for ACG Field in Azerbaijan
• 2025- ONGC signs Heads of Agreement with Mitsui O.S.K lines, Japan
• 2025- ONGC signs contract with bp to enhance production from Mumbai High
• 2025- ONGC’s arm acquires 100% equity stake in PTC Energy
• 2025- ONGC’s arm enters into formal agreement with Engineers India