ONGC Abbreviation

Looking for ONGC abbreviation? We have got you covered in this guide. We have listed down different possible abbreviations of ONGC in various groups like Governmental.

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Popular abbreviations of ONGC:

Searching for ONGC abbreviation / ONGC full form leads to different results in different categories. The below table illustrates the popular acronyms among them.

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What does ONGC mean?

The Oil and Natural Gas Corporation is the leading company that deals in crude oil and natural gas. As per the data, it manufactures about 71% of the total production of the raw material that the other company uses to produce diesel, cooking gas, and petrol. 

Subsidiaries

ONGC Videsh Limited

ONGC Videsh is the most significant subsidiary of ONGC that explores and develops oil and natural gas outside India. It supplies the product in 15 countries and produces 30% of oil and natural gas for domestic consumption.

Mangalore Refinery and Petrochemicals Limited

It has a high-quality design and can process a high quantity of raw material so people can get the best quality products.

HPCL

It has a vast marketing pipeline network of about 3370kms. It has 133 regional offices that facilitate Inland Relay Depots, LPG Bottling Plants, and Pipeline Networks. 

Mission

• It is dedicated to the competitive advantage in R&D and technology.
• It is dedicated to offering quality products and services.
• It strives to increase shareholder value.
• It constantly upgrades the energy business.
• It finds new business opportunities in oil and natural gas.

Core Business Expertise

Exploration

It has various segments, one among them being exploration and production. The activities in exploration include onshore, deep water, and shallow water. 

Drilling

• The ONGC has operated 105 drills and 74 works over rigs.
• It has drilled 127 deepwater wells.
• It has developed more advanced drilling concepts like under-balanced drilling and offshore drilling operations. 

Production

• The ONGC manages to maintain the production of hydrocarbon space and its security.
• It aims to increase the share of hydrocarbons from 22 percent to 27 percent by 2030.
• It also enhanced its refining capacity along with product diversification.

Applied R&D and Training

• It established the primary research center in Mumbai – Gas Hydrate Research and Technology Center.
• Various ONGC Energy Centers have been set up for clean energy options.