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ONGC Mission , Objective And Corporate Planning

Presented By :

AKSHAY BHARDWAJ

BHOLA KUMAR GUPTA

NITIN KUMAR CHANDRAKAR

ABHISHEK PATRIA

ABHITESH RANJAN

CHANDANA CH

VISION

To enjoy success ,company’s vision must have :

  • Core ideology

  • Envisioned Future

Also , the business strategies and practices should be adopted in such a way that company can survive in a changing world

CORPORATE PLAN

  • Planning is a continuous process
  • No plan is sacrosanct & complete in itself
  • The environment in which we operate changes continuously
  • We have to update ourselves continuously to be competitive for survival and growth
  • Hydrocarbon exploration is a risky business, not like any other business
  • Integration of knowledge & use of technology can reduce the risk of doing business

MISSION - DOMINANT INDIAN LEADERSHIP

  • Retain dominant position in Indian Petroleum Sector and enhance India’s energy availability

MISSION - INTEGRATED IN ENERGY BUSINESS

MISSION - CARBON NEUTRALITY

  • To reduce CO2 emissions across its activity chain

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MISSION - WORLD CLASS

  • Domestic & international oil gas E & P business opportunities.
  • Value linkages in other sectors of energy business.
  • Growth opportunities and maximize shareholder value.

Intensive exploration in established basins

Thrust on Deepwater & Frontier basins

CURRENT VISION

  • Competitive advantages in R&D and technology
  • High standards of business ethics and organizational values
  • Commitment to health, safety & environment
  • Culture of trust, openness and mutual concern
  • Customer satisfaction through quality products and services

STRATEGIES :

  • 20 MMToe of equity oil from overseas assets

  • IOR Programme in 15 Major Fields for recovery improvement

EARLIER VISION

STRATEGIC GOALS

  • Adopted by ONGC Board in its 203rd meeting on 26th April 2010

  • To be a global leader in integrated energy businessthrough sustainable growth, knowledge excellenceand exemplary governance practices

STRATEGIC GOALS

PERSPECTIVE PLAN 2030

  • To be a world-class Oil & Gas company integrated in energy business with dominant Indian leadership and global presence

  • To stimulate, continue and accelerate exploratory efforts to develop and maximize the contribution of hydrocarbons to the economy of the country

STRATEGIC GOALS

Supporting Initiatives

PERSPECTIVE PLAN 2030

2 Fold production growth in E & P

3 Fold growth in revenue and EBITDA

4 Fold growth in Market Cap

5 Verticals for non E&P Business

6 Fold growth in international E&P production

PERSPECTIVE PLAN 2030

Thank You !

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