The government has appointed Arunangshu Sarkar to the Oil and Natural Gas Corp board as the company’s first director (strategy and corporate affairs).ONGC is a Government-owned company having its headquarters in New Delhi.
The appointment of Arunangshu Sarkar as ONGC's first Director (Strategy) is a notable development. In this role, Sarkar will likely be responsible for shaping and executing strategic initiatives within the Oil and Natural Gas Corporation, focusing on long-term planning and aligning organizational objectives with market trends and opportunities. This position is crucial for navigating the evolving energy sector landscape and driving growth and innovation within the company. His appointment reflects ONGC's commitment to enhancing its strategic capabilities and adapting to industry changes.
About ONGC
Oil and Natural Gas Corporation Limited (ONGC) is a major Indian multinational oil and gas company headquartered in Dehradun, India. Established in 1956, ONGC is one of the largest and most significant players in the Indian energy sector. ONGC was set up under the visionary leadership of Pandit Jawahar Lal Nehru. Pandit Nehru reposed faith in Shri Keshav Dev Malviya who laid the foundation of ONGC in the form of Oil and Gas division, under Geological Survey of India, in 1955.
The company's domestic operations are structured around 11 assets (predominantly oil and gas producing properties), 7 basins (exploratory properties), 2 plants (at Hazira and Uran) and services (for necessary inputs and support such as drilling, geo-physical, logging and well services).
Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 75 per cent to Indian domestic production.The company has bagged its position among the Forbes World’s Best Employers List and is acclaimed with Arjuna Awards 2021. ONGC is India's sole completely integrated oil and gas firm, functioning throughout the hydrocarbon value stream. In-place hydrocarbon reserves of 8.98 billion tonnes have been have been established by the company. With domestic acreages, it has made over 570 oil and gas innovations, including Ultimate Reserves of 3.13 billion metric tonnes (BMT) of Oil Plus Oil Equivalent Gas.
