ONGC Videsh Limited (OVL), the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Ltd. (ONGC), the National Oil Company of India has made a significant strike of oil in its onshore block CPO-5, Colombia, in Llanos Basin. OVL is Operator in the block with 70% stake along with its Partner Geopark Ltd. (30% stake) an independent oil and gas company focussed in Latin America.

The well “Indico-2” lies approximately 0.9 km northwest of the well Indico-1 in subsurface and was spudded on 21 st Sep, 2020. The target depth of 10,925 ft reached on 20.10.2020. The well has encountered a net pay of 147 ft in the LS-3 reservoir of Une Formation (Cretaceous) which during initial testing produced oil of 35.2 degrees API in commercial quantity @ 6,300 BOPD, with negligible BSW of 0.11%. Currently the Well is flowing under Short Term Testing with multi bean study for further evaluation. This is the fourth commercial find in the block by OVL.

The light oil was discovered in the first well “Indico-1X” in the Indico field during December 2018, and to-date it has demonstrated a sustained flow @ 5200 BOPD with a cumulative production of over three million barrels of oil so far.

CPO-5 is a large onland block covering an area of 1,992 SKM and offers multiplay Exploratory and Appraisal opportunities. The Company now plans to drill more wells to explore the other plays in the block in immediate future. OVL is also undertaking additional 3D Seismic data to map more drillable prospects in the other sectors of the block.

OVL has a significant presence in Colombian Oil & Gas sector and holds Participating Interest in 7 exploratory blocks in addition to 2 producing blocks with 50% stake in JV Company, Mansarovar Energy Colombia Ltd (MECL).

Issued By:
Oil and Natural Gas Corporation Ltd
Corporate Communications, New Delhi,
Phone: +91-11-26754013
Mail: ongcdelhicc@ongc.co.in

Post : Director(Operations)
Issue Date : 27/11/2020
Vacancy Date : 03/11/2021
Pay Scale(Rs.) :  ₹ 180000-340000 (IDA)
Last Date of Receipt : 18/01/2021 Apply online

I. COMPANY PROFILE

ONGC Videsh Limited (OVL), a wholly owned subsidiary of ONGC Limited, was incorporated under the Indian Companies Act, 1956 with the objective to undertake international business of exploration and production (E&P) of oil and gas. OVL is a schedule – ‘A’/ “Miniratna (Category I)” CPSE in E&P Sector with the Administrative jurisdiction of Ministry of Petroleum & Natural Gas. The company employed 290 regular employees (Executives 280 and Non-Executives 10) as on 31.03.2020.

The authorized and paid up capital of the Company were Rs. 25,000 crores and 15,000 crore respectively as on March 31, 2020.

Its Registered and Corporate office are in Delhi.

The Shareholding of ONGC Limited in the Company is 100%

II. JOB DESCRIPTION AND RESPONSIBILITIES

Director (Operations) is a member of the Board of Directors and reports to the Managing Director. He/She advises Chairman, the Managing Director and the Board of Directors on all matters relating to the implementation and operation of the projects identified by the Board for development and production overseas. He/She is responsible for development and production operations, project management, managing technical and field service, procurement of material and services, contracts, marketing portfolio and risk management.

III. ELIGIBILITY

1. AGE : On the date of occurrence of vacancy (DOV)

Age of superannuation 60 years
Internal Others
 Minimum  Maximum  Minimum  Maximum
45 2 years residual service as on the date of vacancy w.r.t. the date of superannuation. 45 3 years residual service as on the date of vacancy w.r.t. the date of superannuation.

 

2. EMPLOYMENT STATUS:

The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 2000 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 2000 crore or more. Preference would be given to candidates from listed companies.
(* The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)

3. QUALIFICATION:

The applicant should be an Engineering graduate or post graduate in Geo-science with good academic record from a recognized university/ institution

4. EXPERIENCE:

The applicant should have adequate experience at a senior level in an organization of repute, out of which at least five years during the last ten years should have been in operations in Exploration & Development in Hydrocarbon sector.

5. PAY SCALE:

(a) Central Public Sector Enterprises-
Eligible Scale of Pay

(i) Rs. 7250-8250 (IDA) Pre 01/01/1992
(ii) Rs. 9500-11500 (IDA) Post 01/01/1992
(iii) Rs. 20500-26500 (IDA) Post 01/01/1997
(iv) Rs. 51300-73000 (IDA) Post 01/01/2007
(v) Rs. 120000-280000 (IDA) Post 01.01.2017
(vi) Rs. 18400-22400 (CDA) Pre-revised post 01.01.1996
(vii) Rs. 37400-67000 + GP 10000 (CDA) post 01.01.2006
(viii) Rs. 144200-218200 (Level 14) CDA post 01.01.2016
The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of vacancy.

(b)

(i) Applicants from Central Government / All India Services should be holding a post of the level of Joint Secretary in Government of India or carrying equivalent scale of pay on the date of application.
(ii) Applicants from the Armed forces of the Union should be holding a post of the level of Major General in the Army or equivalent rank in Navy/Air Force on the date of application.
(c)
Applicants from State Public Sector Enterprises/ Private Sector should be working at Board level position or at least a post of the level immediately below the Board level on the date of application.

6. CONDITION OF IMMEDIATE ABSORPTION FOR CENTRAL GOVERNMENT OFFICERS

Central Government Officers, including those of the Armed Forces of the Union and the All India Services, will be eligible for consideration only on immediate absorption basis.

IV. DURATION OF APPOINTMENT

The appointment shall be for a period of five years from the date of joining or upto the date of superannuation or until further orders, whichever is earlier.

V. SUBMISSION OF APPLICATIONS

Applicants should submit their applications on-line only as per the format.
1. The applicants should submit their applications through proper channel as follows:
(a) Government Officers, including those of the Armed Forces of the Union and All India Services: through Cadre Controlling authority;
(b) CMDs/MDs/Functional Directors in CPSE: through the concerned Administrative Ministry;
(c) Below Board level in CPSE: through the concerned CPSE;
(d) CMDs/MDs/Functional Directors in State PSE: through the concerned Administrative Secretary and Cadre Controlling Authority, if any, of the State Government;
(e) Below Board level in SPSE: through the concerned SPSE.
(f) Private Sector: directly to the PESB.
2. Applicants from Private Sector must submit the following documents along with the application form:
(a) Annual Reports of the Company in which currently working for the 3 financial years preceding the calendar year in which the post is advertised (please provide URL or attach/enclose copies);
(b) Whether the company is listed or not; if yes, the documentary proof (please provide URL or attach/enclose copies);
(c) Evidence of working at Board level or at least a post of the level immediately below the Board level;
(d) Self-attested copies of documents in support of age and qualifications;
(e) Relevant Jobs handled in the past with details.

VI. UNDERTAKING BY THE APPLICANT

An applicant has to give an undertaking as a part of the application that he/she will join the post, if selected. If an applicant does not give such undertaking, the application would be rejected.

1. For candidates from Central Government/Armed Forces of the Union/ All India Services

(a) The appointment is on immediate absorption basis.
(b) If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE.
(c) Further, if a candidate conveys his/her unwillingness to join after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment for being considered for a Board level post in any CPSE.

2. For candidates from CPSE

a. If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE other than the one to which the candidate belongs.
b. Further, if a candidate conveys his/her unwillingness to join after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment for being considered for a Board level post in any CPSE other than the one to which the candidate belongs.

3. For candidates from SPSE/ Private Sector

a. If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE.
b. Further, if a candidate conveys his/her unwillingness to join after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment for being considered for a Board level post in any CPSE.
4. In the above cases, no request for relaxation or otherwise would be entertained.

VII. THE APPLICANTS CAN EITHER

(a) fill up the Application Form online against this Job Description on the website of PESB –
http://pesb.gov.in/ and thereafter forward it online, as specified in para V(1);
Or
(b) fill up the Application Form online against this Job Description on the website of PESB –
http://pesb.gov.in/, take a printout and send it offline, as specified in para V(1).

Last time/date of receipt of complete application duly forwarded to PESB is by 15.00 hours on 18/01/2021. No application shall be entertained under any circumstances after the stipulated time/date. Incomplete applications and applications received after the stipulated time/date shall be REJECTED. Board reserves the right to shortlist applicants for interview.

Applications are to be addressed to

Smt Kimbuong Kipgen Secretary,
Public Enterprises Selection Board, Public Enterprises Bhawan,
BlockNo. 14, CGO Complex, Lodhi Road, New Delhi-110003.

ALL CORRESPONDENCE WITH THE PUBLIC ENTERPRISES SELECTION BOARD SHOULD BE ADDRESSEDTO SECRETARY, PUBLIC ENTERPRISES SELECTION BOARD ONLY.

New Delhi : ONGC Videsh through its wholly owned subsidiary has signed definitive binding agreements with FAR Senegal RSSD SA (Seller), a wholly owned subsidiary of FAR Limited (FAR) on –10 th November 2020 for acquiring 13.6667% participating interest in Exploitation Area (Sangomar Field) and 15% participating interest in Remaining Contract Area (Exploration Area) of Rufisque, Sangomar Offshore and Sangomar Deep Offshore (RSSD) Block, Offshore Senegal. Woodside Energy (Senegal) BV (Woodside), Capricorn Senegal Limited (Cairns) and Le Société des Pétroles du Sénégal (Petrosen – the national oil company of Senegal) are other partners in the RSSD Block.

The acquisition by ONGC Videsh is subject to satisfaction of customary conditions precedents including approvals of Senegal regulatory authorities, FAR shareholders’ approval, non-exercise / waiver of pre-emption by joint venture partners and termination of certain third party agreement. The Sangomar Field, currently under development, is located in the deep waters of Mauritania, Senegal, Gambia, Guinea-Bissau and Guinea-Conakry Basin (MSGBC Basin), Offshore Senegal, covering an area of 772 sq. kms. and is planned to go on production in 2023 under Phase-1 development.

The acquisition involves (i) an upfront consideration of USD 45 million with customary adjustments including the opening working capital as of 1st January 2020 and the cash calls paid or to be paid from January 2020 onwards until completion (excluding any default interest paid / payable by FAR for any delay in cash call payments). This shall be payable upon completion; and (ii) Contingent payments payable annually (capped at USD 55 million) depending upon the Brent Oil price from First Oil until the earlier of 3 years from First Oil or 31st December 2027. Total investment involved including the development cost until the first oil is expected to be around USD 600 Million.

Woodside is the operator of the Block and has recently exercised its pre-emption rights to acquire the participating interest held by Cairns in the RSSD Block. Post completion of acquisition of Cairns stake by Woodside, Woodside shall hold 68.3333% participating interest in Sangomar Field and 75% participating interest in Exploration Area while Petrosen shall hold 18% participating interest in Sangomar Field and 10% participating Interest in Exploration Area of the RSSD Block.

The completion of the present transaction would mark ONGC Videsh entry in Senegalese offshore in a significant project under development and is consistent with its strategic objective of adding high impact exploration and near-term production assets to its existing E&P portfolio.

About ONGC Videsh
ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, and is India's largest international oil and gas E&P Company. At present, ONGC Videsh has participation in 37 projects in 17 countries across the globe. ONGC Videsh is currently producing about 250 thousand barrels of oil and oil equivalent gas per day and has total oil and gas reserves (2P) of about 587 million tons of oil equivalent (MMTOE) as on 1st April, 2020. For more information visit: https://www.ongcvidesh.com.

About ONGC
ONGC is the largest crude oil and natural gas producer in India, contributing around 76 percent to Indian domestic production. During the financial year ended 31 st March, 2020 (FY’20), ONGC Group had produced about 63 MMTOE (approx. 1.26 MMboe per day); the Consolidated Gross Turnover was INR 4,250 billion (about USD 60 billion) during FY’20 and total consolidated oil and gas reserves (2P) were 1,359 MMTOE as on 1 st April 2020. For more information visit: https://www.ongcindia.com

Industry veteran AK Gupta has taken over as Managing Director & CEO of ONGC Videsh, the international petroleum company of India and the overseas arm of national oil and gas major ONGC. He brings with him over three decades of experience in various capacities in domestic and overseas oil and gas exploration and production operations.

Before getting elevated to MD, He has been the Director (Operations) of ONGC Videsh, where he has been relentless in framing future strategies for the company in different global geographies amidst the unprecedented challenges imposed by COVID-19 pandemic. During his stewardship the company achieved the highest ever production of Oil & Gas of 14.981 MMTOE in 2019-20. Several major projects could make definitive progress under his able leadership and
are set to contribute and strengthen the overall portfolio of ONGC.

He possesses an extensive experience across the E&P value chain, especially in business development earned during his tenure as Head of New businesses in Marketing in ONGC and Head Business development in ONGC Videsh, both for the domestic and international markets, and in handling commercial negotiations with alliance partners, regulators, customers and National Oil Companies.

Some of his noteworthy contributions have been in implementing projects from concept to commissioning, executing projects in diverse geographies in Myanmar and Vietnam in Asia Pacific, Brazil, Colombia and Venezuela in Latin America, quite few of them under very trying circumstances.

Mr Gupta started his career in 1984 when he joined ONGC’s corporate office as a young Graduate Trainee after obtaining his graduation degree in Mechanical Engineering from IIT Roorkee in 1983. He subsequently acquired MBA in Finance & Marketing from FMS, Delhi University in 1999.

Post : Director(Exploration)
Issue Date : 21/05/2020
Vacancy Date : 01/05/2021
Pay Scale(Rs.) :  ₹ 180000-340000 (IDA)
Last Date of Receipt : 30/07/2020 Apply online

I. JOB DESCRIPTION AND RESPONSIBILITIES

Director (Exploration) is a member of the Board of Directors and reports to the Managing Director. He/She advises Chairman, Managing Director and the Board of Directors on all matters relating to the business and potential investment opportunities in overseas E&P assets . He/She is responsible for formulation and implementation of exploration and reserves accretion policies and strategies.

II. ELIGIBILITY

1. AGE : On the date of occurrence of vacancy (DOV)

Age of superannuation 60 years
Internal Others
 Minimum  Maximum  Minimum  Maximum
45 2 years residual service as on the date of vacancy w.r.t. the date of superannuation. 45 3 years residual service as on the date of vacancy w.r.t. the date of superannuation.

 

2. EMPLOYMENT STATUS:

The applicant must, on the date of application, as well as on the date of interview, be employed in a regular capacity – and not in a contractual/ad-hoc capacity – in one of the followings:-
(a) Central Public Sector Enterprise (CPSE) (including a full-time functional Director in the Board of a CPSE);
(b) Central Government including the Armed Forces of the Union and All India Services;
(c) State Public Sector Enterprise (SPSE) where the annual turnover is *Rs 2000 crore or more;
(d) Private Sector in company where the annual turnover is *Rs 2000 crore or more. Preference would be given to candidates from listed companies.
(* The average audited annual turnover of three financial years preceding the calendar year in which the post is advertised shall be considered for applying the approved limits)

3. QUALIFICATION:

The applicant should be a post graduate in Geosciences/Physics/Chemistry or Graduate in Petroleum Engineering with good academic record from a recognized University/Institution.
Applicants with Post Graduate in Geosciences/Graduate in Petroleum Engineering will however be preferred.

4. EXPERIENCE:

The applicant should have adequate experience at a senior level in an organization of repute, out of which at least 5 years during the last 10 years should have been in the field of Exploration & Development in Hydrocarbon sector.

5. PAY SCALE:(a) Central Public Sector Enterprises-
Eligible Scale of Pay

(i) Rs. 7250-8250 (IDA) Pre 01/01/1992 (ii) Rs. 9500-11500 (IDA) Post 01/01/1992
(iii) Rs. 20500-26500 (IDA) Post 01/01/1997 (iv) Rs. 51300-73000 (IDA) Post 01/01/2007 (v) Rs. 120000-280000 (IDA) Post 01.01.2017
(vi) Rs. 18400-22400 (CDA) Pre-revised post 01.01.1996(vii) Rs. 37400-67000 + GP 10000 (CDA) post 01.01.2006
(viii) Rs. 144200-218200 (Level 14) CDA post 01.01.2016
The minimum length of service required in the eligible scale will be one year for internal candidates, and two years for others as on the date of vacancy.

(b)

(i) Applicants from Central Government / All India Services should be holding a post of the level of Joint Secretary in Government of India or carrying equivalent scale of pay on the date of application.
(ii) Applicants from the Armed forces of the Union should be holding a post of the level of Major General in the Army or equivalent rank in Navy/Air Force on the date of application.
(c)
Applicants from State Public Sector Enterprises/ Private Sector should be working at Board level position or at least a post of the level immediately below the Board level on the date of application.

6. CONDITION OF IMMEDIATE ABSORPTION FOR CENTRAL GOVERNMENT OFFICERS Central Government Officers, including those of the Armed Forces of the Union and the All India Services, will be eligible for consideration only on immediate absorption basis.

III. DURATION OF APPOINTMENT

The appointment shall be for a period of five years from the date of joining or upto the date of superannuation or until further orders, whichever is earlier.

IV. SUBMISSION OF APPLICATIONS

All applicants should send their applications as per the format.
1. The applicants should submit their applications through proper channel as follows:
(a) Government Officers, including those of the Armed Forces of the Union and All India Services: through Cadre Controlling authority;
(b) CMDs/MDs/Functional Directors in CPSE: through the concerned Administrative Ministry;
(c) Below Board level in CPSE: through the concerned CPSE;
(d) CMDs/MDs/Functional Directors in State PSE: through the concerned Administrative Secretary and Cadre Controlling Authority, if any, of the State Government;
(e) Below Board level in SPSE: through the concerned SPSE.
(f) Private Sector: directly to the PESB.
2. Applicants from Private Sector must submit the following documents along with the application form:
(a) Annual Reports of the Company in which currently working for the 3 financial years preceding the calendar year in which the post is advertised (please provide URL or attach/enclose copies);
(b) Whether the company is listed or not; if yes, the documentary proof (please provide URL or attach/enclose copies);
(c) Evidence of working at Board level or at least a post of the level immediately below the Board level;(d) Self-attested copies of documents in support of age and qualifications;
(e) Relevant Jobs handled in the past with details.

V. UNDERTAKING BY THE APPLICANT

An applicant has to give an undertaking as a part of the application that he/she will join the post, if selected. If an applicant does not give such undertaking, the application would be rejected.

1. For candidates from Central Government/Armed Forces of the Union/ All India Services

(a) The appointment is on immediate absorption basis.
(b) If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE.
(c) Further, if a candidate conveys his/her unwillingness to join after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment for being considered for a Board level post in any CPSE.

2. For candidates from CPSE

a. If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE other than the one to which the candidate belongs.
b. Further, if a candidate conveys his/her unwillingness to join after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment for being considered for a Board level post in any CPSE other than the one to which the candidate belongs.

3. For candidates from SPSE/ Private Sector

a. If a candidate conveys his/her unwillingness to join after the interview is held, he/she would be debarred for a period of two years from the date of interview, for being considered for a Board level post in any CPSE.
b. Further, if a candidate conveys his/her unwillingness to join after the issue of offer of appointment, he/she would be debarred for a period of two years from the date of offer of appointment for being considered for a Board level post in any CPSE.
4. In the above cases, no request for relaxation or otherwise would be entertained.

VI. THE APPLICANTS CAN EITHER

(a) fill up the Application Form online against this Job Description on the website of PESB –
http://pesb.gov.in/ and thereafter forward it online, as specified in para V(1);
Or
(b) fill up the Application Form online against this Job Description on the website of PESB –
http://pesb.gov.in/, take a printout and send it offline, as specified in para V(1).

Last time/date of receipt of complete application duly forwarded to PESB is by 15.00 hours on 30/07/2020. No application shall be entertained under any circumstances after the stipulated time/date. Incomplete applications and applications received after the stipulated time/date shall be REJECTED. Board reserves the right to shortlist applicants for interview.

Applications are to be addressed to

Smt Kimbuong Kipgen Secretary,
Public Enterprises Selection Board, Public Enterprises Bhawan, BlockNo. 14, CGO Complex, Lodhi Road, New Delhi-110003.

ALL CORRESPONDENCE WITH THE PUBLIC ENTERPRISES SELECTION BOARD SHOULD BE ADDRESSEDTO SECRETARY, PUBLIC ENTERPRISES SELECTION BOARD ONLY.

ONGC Videsh makes two new discoveries in Colombia and Brazil

ONGC Videsh has recorded discoveries of oil in its onshore exploration block CPO-5, Colombia in the Llanos basin and major gas in the deep offshore exploration block BM-SEAL-4, Brazil in the Sergipe Alagoas Basin.

Well Sol-1, Colombia

Well Sol-1, in the block CPO-5 encountered the oil bearing sands of 8 meters at a depth of 2852m. Oil discovery in Sol-1 confirms the extent of oil pay further south of the block. ONGC Videsh had earlier discovered commercial oil in the same pay in wells Mariposa-1 and Indico-1 in 2017 and 2018, respectively. Both the wells are under production now.

ONGC Videsh, as Operator, holds 70% participating interest (PI) in CPO-5 block. The balance 30% PI is owned by Petrodorado South America S.A., Sucursal (PDSA), Colombia.

Well Moita Bonita-2, Brazil

Petrobras as operator of BM-SEAL-4 consortium with ONGC Videsh, completed drilling of the well Moita Bonita-2 in deep offshore Brazil located in the Moita Bonita Area (block BM-SEAL-4) at a water depth of 2629m and encountered gas bearing sand of total thickness of 39m at the depth of 5227m and oil bearing sand of total thickness of 24m at deeper depths.  Drill Stem Test (DST) was performed in the gas carrier interval 5252m to 5291m, and the result showed good production from the reservoir.

Petrobras is the Operator of the consortium (75% PI) and partners ONGC Videsh (25% PI). The consortium plan to continue the operational activities to evaluate the discovery to ascertain its commerciality.

ONGC Videsh has a significant presence in oil & gas sector of Brazil and Colombia. It holds stakes in seven exploratory blocks. In addition, ONGC Videsh is the joint owner of the oil producing company Mansarovar Energy Colombia Ltd (MECL) along with its partners Sinopec of China. In Brazil, ONGC Videsh holds 27% PI in the offshore BC-10 block.

AK Gupta has taken over as the Director (Operations) in the Board of ONGC Videsh, the international petroleum company of India. He brings over three decades of experience in various capacities in domestic and overseas operations.

He was most recently the Asset Manager Designate of Assam and prior to that Asset Manager Silchar, ONGC. Earlier, as Head of Business Development in ONGC Videsh, he managed the global business development activity of the company. In his first stint with ONGC Videsh, he managed ONGC Videsh assets in diverse geographies. Mr Gupta was instrumental in implementing projects from concept to commissioning, executed projects in Myanmar, both on land and offshore, in Vietnam in Asia Pacific, Brazil, Colombia and Venezuela in Latin America- some of them under very challenging circumstances.

He started his career in 1984 when he joined ONGC’s corporate office as a young Graduate Trainee after obtaining his graduation degree in Mechanical Engineering from IIT Roorkee in 1983. He subsequently acquired MBA in Finance & Marketing from FMS, Delhi University in 1999. In ONGC he is credited to have worked in Marketing and Corporate level.

Mr Gupta is known for his varied experience in project management and business development both as head of new businesses in marketing in ONGC and head of business development in ONGC Videsh. He has successfully carried out commercial negotiations with alliance partners, regulators, customers and National Oil Companies.

Momentous National Safety Week at ONGC Videsh

National Safety Week campaign are organised under the theme ‘Cultivate and Sustain Safety Culture for Building Nation’ (राष्ट्र निर्माण के लिए सुरक्षा संस्कृति विकसित करें और बनाए रखें). The ultimate objective of the Campaign is to ensure integration of Occupational Health Safety (OSH) in work culture and life style.

Mr. G S Chaturvedi, Director (Exploration)-ONGC Videsh presided over the concluding session of ONGC Videsh celebrations of National Safety Week on 8th March 2019.

Campaign included not only awareness mails, safety alerts and competitions to arouse HSE awareness, but also many other activities like QHSE internal audit, illumination survey, street play, talk on ergonomics and stress management. Employees and families of ONGC Videsh including those posted overseas participated with enthusiasm in poster, cartoon, slogan and quiz competition. Safety awareness video on ‘Blind Eye Syndrome’ emphasising overcoming inhibition and use of proper tool and technique was screened. On the spot quiz competition evoked great response and participants enjoyed it. Prizes were distributed to the winners and their entries were also screened.

National_Safety_Week140319

 

While delivering the concluding address, Director (Exploration)-ONGC Videsh advised to do thing in a safe way with simple day to day examples including personal ones. He emphasized on cultivating best practices and sustain a safety culture which in turn help in nation building. He further stressed the importance of HSE in overseas operations, especially in the operated blocks and wished everyone a safe and healthy future ahead.

ONGC Videsh Limited (ONGC Videsh) – a wholly owned subsidiary of ONGC, the National Oil Company of India, announces that Mozambique LNG1 Company Pte. Ltd., the jointly owned marketing entity of ONGC Videsh and joint venture partners of Mozambique Rovuma Offshore Area 1 project incorporated at Singapore, has entered into long-term LNG Sale and Purchase Agreement (SPA) with a) Tokyo Gas Co. Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) through a co-purchasing agreement for  sale of 2.6 million tonnes per annum (MMTPA) from the start-up of production until the early 2040s; b) CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd (CNOOC) for 1.5 MMTPA for a term of 13 years; c) Shell International Trading Middle East Ltd. (Shell) for 2 MMTPA for a term of 13 years; d) Bharat Gas Resources Ltd. a wholly owned subsidiary of Bharat Petroleum Corporation Ltd. for 1 MMTPA for a term of 15 years and e) Pertamina, a state owned oil and gas company of Indonesia, for 1 MMTPA for a term of 20 years.

These latest deals build upon previously executed deals for long term offtake of LNG from Rovuma Offshore Area 1 project and take long-term sales to more than 9.5 MMTPA.

Strategically located off the East Coast of Africa, the Mozambique Rovuma Offshore Area 1 project is ONGC Videsh’s key natural gas project. The project is progressing towards developing initially an onshore LNG plant consisting of two LNG trains with total nameplate capacity of 12.88 MMTPA to support the development of the Golfinho-Atum field located entirely within Offshore Area 1. With the approval of the development plan in February 2018, ongoing resettlement implementation activities, site preparation and execution of these SPAs, the project is poised to take FID in H1 2019.

ONGC Videsh holds 16% interest in the Mozambique Rovuma Area-1 Offshore Project out of which 10% PI is held directly by ONGC Videsh and another 6% interest is held through its 60% shareholding in ‘Beas Rovuma Energy Mozambique Limited’ (“BREML”) while the remaining 40% shares in BREML are held by Oil India Limited (“OIL”). Anadarko Moçambique Área 1, Lda is the Operator of the project with 26.5% PI and the other partners are Mitsui E&P Mozambique Area1 Ltd. (20%), ENH (15%), BPRL (10%) and PTTEP (8.5%).

About ONGC Videsh

ONGC Videsh is a wholly owned subsidiary of Oil and Natural Gas Corporation Limited (ONGC), the National Oil Company of India, and is the largest international oil and gas E&P Company of India. At present, ONGC Videsh has 41 projects in 20 countries including Azerbaijan, Bangladesh, Brazil, Colombia, Iraq, Israel, Kazakhstan, Libya, Mozambique, Myanmar, Namibia, New Zealand, Russia, South Sudan, Sudan, UAE, Venezuela and Vietnam. ONGC Videsh maintains a balanced portfolio of producing, discovered/under development, exploratory and pipeline projects and has 2P reserves of 711.362 MMTOE as on April 1, 2018. For more information visit: http://www.ongcvidesh.com.

About ONGC

ONGC is a major integrated National Oil and Gas Company of India and is India’s largest producer of crude oil and natural gas.  During the financial year ended 31st March, 2018, ONGC Group had produced 64.21MMT of oil and oil equivalent gas (MMTOE) (approx. 1.28 MMboe per day); the Consolidated Gross Turnover was INR 3,622.46 billion during FY’18 and total consolidated 2P oil and gas reserves were 1,863.45 MMTOE as on April 1, 2018. For more information visit: http://www.ongcindia.com

Disclaimer:

The information, statements, forecasts and projections contained herein reflect the Company’s current views based on reasonable assumptions. No assurance, however, can be given on the future events and projections. A number of factors can cause actual results to differ materially from those envisaged.

Hindi Press Release (Click Here)

ONGC Videsh receives The India Risk Management Award

In close succession of receiving Golden Peacock Award for Risk Management in December 2018, ONGC Videsh added another feather in its cap by receiving The India Risk Management Award constituted by ICICI Lombard & CNBC-TV18 in the category Best Risk Management Framework and Systems – PSU. The award was received by Shri Vivekanand, Director (Finance) on behalf of ONGC Videsh on 7th February 2019 in a function held at Mumbai.

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The mail of Executive Editor CNBC-TV18 announcing the award said “We are delighted and honoured to inform you that, our jury led by Ms. Arundhati Bhattacharya has selected ONGC Videsh Limited as the Winner in the category Best Risk Management Framework & Systems – PSU, at the 5th edition of The India Risk Management Awards. As you are aware, these awards recognise those organisations and teams that have significantly added to the understanding and practice of risk management”.

Enterprise Risk Management (ERM) system was established in ONGC Videsh in April 2012 with in-house efforts and is now aligned with ISO 31000:2018, the international standard on Risk Management. The system has matured over the years and well integrated into business processes of the company. It is underpinned by a set of principles and includes the exercise of identification, assessment and prioritization of risks followed by coordinated application of resources to monitor, control and minimize the probability and impact of unexpected events.

Implementation of SAP GRC (Governance, Risk and Compliances) module has further strengthened ERM System monitoring through capturing Monthly reporting of risk events and Quarterly compliance on Risk Register. Risk dashboard further helps Management for informed decisions through screens showing on world map Projects with their risk scores, significant risks, risk heat maps and status of quarterly compliances.

While complimenting on receiving this award, the Executive Committee of ONGC Videsh exhorted to keep the momentum going achieving greater heights and improved organizational performance.