Case study Business Environment

Topics: Petroleum, Peak oil, Natural gas Pages: 31 (5865 words) Published: March 9, 2015
OIL AND NATURAL GAS CORPORATION .

Case study of Business Environment,
Conducted by : Karan Desai
Course : B-tech, HNC.
Ecube Global College.

Table of contents

History……………………………………………………….

Company profile………………………………………………

Company vision and aims………………………….................

Organizational structure…………………………………….

Task 1 ……………………………………………………….. |
learning outcome 1…………………………………………

Task 2 ……………………………………………………….. |
learning outcome 3……………………………………………

History :

1947-1960 :~

During pre-independence, the Assam Oil Company in the North-Eastern and Attock Oil company in North-Western part of undivided India were the only oil companies producing oil in the country. The major part of Indian sedimentary basins was deemed to be unfit for development of oil and gas resources. After independence, the Government realized the importance of oil and gas for rapid industrial development and its strategic role in  defence. Consequently, while framing the Industrial Policy Statement of 1948, the development of the hydrocarbon industry in the country was considered to be of utmost necessity. Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. Assam Oil Company was producing oil at Digboi, Assam (discovered in 1889) and the Oil India Ltd. (a 50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of USA) was engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining offshore remained largely unexplored.

In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of Public Sector development. With this objective, an Oil and Natural Gas Directorate was set up in 1955 under the then Ministry of Natural Resources and Scientific Research. The department was constituted with a nucleus of geoscientists from the Geological survey of India. A delegation under the leadership of Mr. K D Malviya, the then Minister of Natural Resources, visited several countries to study the oil industry and to facilitate the training of Indian professionals for exploring potential oil and gas reserves. Foreign experts from USA, West Germany, Romania and erstwhile USSR visited India and helped the government with their expertise. Finally, the visiting Soviet experts drew up a detailed plan for geological and geophysical surveys and drilling operations to be carried out in the 2ndFive Year Plan (1956-57 to 1960-61). In April 1956, the Government of India adopted the Industrial Policy Resolution, which placed mineral oil industry amongst the Schedule 'A' industries, the future development of which was to be the sole and exclusive responsibility of the state.

1961-1990 :~

Since its inception, ONGC has been instrumental in transforming the country's limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. In the inland areas, ONGC not only found new resources in Assam but also established new oil province in Cambay basin (Gujarat), while adding new petroliferous areas in the Assam-Arakan Fold Belt and East coast basins (both inland and offshore). ONGC went offshore in early 70's and discovered a giant oil field in the form of Bombay High, now known as Mumbai High. This discovery, along with subsequent discoveries of huge oil and gas fields in Western offshore changed the oil scenario of the country. Subsequently, over 5 billion tonnes of hydrocarbons, which were present in the country, were discovered. The most important contribution of ONGC, however, is its...

References: BANERJEE.S (2011) ONGC hit by ad-hoc policy on oil subsidy [online]. Economictimes.indiatimes.com. available from: http://articles.economictimes.indiatimes.com/2011-09-24/news/30198257_1_ongc-and-oil-subsidy-bill-oil-marketing-companies. [Accessed 07/10/13].
SINGH.S (2013) ONGC [online]. Slideshare.net. available from: http://www.slideshare.net/sanket2801/corporate-presentation-on-ongc. [accessed 07/10/13].
ONGC (N.D.) ONGC [online]. Ongcindia.com. available from: http://ongcindia.com/wps/wcm/connect/ongcindia/home/Company/History. [accessed 07/10/13]
ONGC (N.D.) History of the company [online]. Ongcindia.com. available from: http://ongcindia.com/wps/wcm/connect/ongcindia/home/rti/information/particulars+of+its+organisation%2C+functions+and+duties. [accessed 07/10/13]
ONGC (N.D.) Company profile [online]. Ongcindia.com. available form: http://www.ongcindia.com/wps/wcm/connect/ongcindia/Home/Company/Profile/. [accessed 08/10/13].
ONGC (N.D.) corporate social responsibility [online]. Ongcindia.com. available from: http://ongcindia.com/wps/wcm/connect/ongcindia/home/csr. [accessed 09/10/13].
NDTV (N.D.) Oil and natural gas corporation. [online]. Profit.ndtv.com. Available from: http://profit.ndtv.com/stock/oil-&-natural-gas-corporation-ltd_ongc/reports-directors-report. [accessed 09/10/13].
GUNASEKARAN.N (2011). ONGC. [online]. Scribd.com. available from: http://www.scribd.com/doc/51034718/ONGC. [accessed 09/10/13]
SCRIBD (N.D.) ST report [online]. Scribd.com. available from: http://www.scribd.com/doc/38928831/st-report. [accessed 09/10/13].
ONGC (N.D.) Company profile. [online]. Ongcindia.com. available from: http://210.212.78.216/wps/wcm/connect/ongcindia/Home/Company/Profile/. [accessed 09/10/13]
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