ONGC is a Premier Upstream Company With an Excellent Safety Record in Hiring Offshore Rigs
Upstream activity in India has rapidly grown post liberalisation with 42 offshore rigs. Indian offshore drilling companies have always fulfilled the demand of the Indian exploration market since its inception.
ONGC has always been an excellent employer of offshore rigs who has been following stringent safety records and best international oil field practices. Offshore rigs are selected to work with ONGC only after the rigs have passed a stringent safety test from a reputable international inspection agency deployed by ONGC. Passing this stringent safety test in the inspection is mandatory for any offshore rig whether old, idle or new.
Moreover, there is no idle period clause in any oil company tenders worldwide. ONGC has always encouraged Indian drillers to be a participant in the growth story of the Indian hydrocarbon industry.
With international oil field standard practices and good safety and performance track records, Indian drillers can justify the Modi Government policies towards ‘Make in India‘ initiative, but unfortunately some vested interests prevent Modi Government’s ‘Make in India’ initiative to happen in a positive way. Rigs passing safety checks are justified to contribute to the growth of the Indian hydrocarbon sector.
A Senior Executive of ONGC said, “There is no compromise with the safety check while hiring a rig by ONGC which clearly justifies that ONGC is not relaxing any norms but it is taking a step ahead to support the Prime Minister’s ‘Make in India’ initiative.”
Maharatna ONGC is the largest producer of crude oil and natural gas in India, contributing around 70 percent of Indian domestic production. Crude oil is the raw material used by downstream companies like IOC, BPCL and HPCL to produce petroleum products like petrol, diesel, kerosene, naphtha, and cooking gas-LPG.
ONGC is India’s top energy company and ranks 17th among global energy majors (Platts). It is the only Indian company to figure in Fortune’s ‘Most Admired Energy Companies’ list. ONGC ranks 18th in ‘Oil and Gas Operations’ and 183rd overall in Forbes Global 2000. Acclaimed for its Corporate Governance practices, Transparency International has ranked ONGC 26th among the biggest publicly traded global giants. It is the most valued public enterprise in India, and one of the highest profit-making and dividend-paying.
ONGC has a unique distinction of being a company with in-house service capabilities in all areas of exploration and production of oil and gas and related oil-field services. Winner of the Best Employer Award, a dedicated team of over 33,500 professionals toil round the clock in challenging locations.