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 :
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
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 !