To discover deep acquifers left by mythical river Sarswati in North west Rajasthan
Sarswati-1 near Jaisalmer town was drilled upto 500m. Water Reservoir located
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2.
Health Care,
3.
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Promotion of artisans, craftsman, musicians, artists etc. for preservation of heritage, Art & Culture,
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ONGC, in its quest for oil and gas, charters remote rural locations and is in a constant interface with underprivileged
local communities which results in better understanding of the community and consequently an enhanced sense of
responsibility and accountability to the communities whose lives we touch.A well-defined set of objectives, clearly
delineated beneficiaries, strategy and project activities characterize CSR projects undertaken to yield discernible,
long-term, sustainable benefits for the communities in question Major CSR projects undertaken during the year are
enlisted below.
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MUMBAI, JAN. 15:
Upstream giant ONGC will be executing 44 mega projects in the current Plan period, at an
investment of about Rs. 86,862 crore, said Sudhir Vasudeva, Chairman and Managing Director, on
Tuesday at an event in Mumbai.
Vasudeva said that of the mega projects, 16 would be on-land projects and 28 offshore. Most of the
projects are lump-sum turnkey contracts (LSTK).
Although the LSTK is an easy way of awarding contracts, it is not the most efficient. The company is
looking at other ways to award such contracts. One of the ways is the open book method for
awarding contracts, a cheaper and more efficient route of executing a contract, he said.
In an open book contract, the company and contractor agree on the costs that are remunerable and
the margin that can be added in the contract.
NEW OPPORTUNITIES
Vasudeva said the company has about 250 on-land installations, about 220 offshore platforms, over
5,500 km of submarine pipelines and over 15,000 km of on-land pipelines. Most of these were
constructed many years ago and they are up renewal.
The maintenance and renewal of these huge installations at logistically challenging locations itself
requires contractors to possess unique project management skills and innovative EPC management,
he said.
He added that under the ONGCs perspective plan 2030, the company wants to increase the capacity
of the Mangalore Refinery and Petrochemicals from the present 15 million tonnes to 18 million
tonnes. This capacity addition will come about in the present Plan period.
rahul.wadke@thehindu.co.in
To
be
global
leader
in
in
World Class
Dedicated to excellence by leveraging competitive advantages in R&D and technology with involved people.
Abiding commitment to safety, health and environment to enrich quality of community life.
Foster a culture of trust, openness and mutual concern to make working a stimulating and challenging
experience for our people.
Focus on domestic and international oil and gas exploration and production business opportunities.
Retain dominant position in Indian petroleum sector and enhance India's energy availability.