ONGC Videsh Ltd. is the wholly owned subsidiary and overseas arm of Oil and Natural Gas Corporation Limited (ONGC), the flagship national oil company (NOC) of India.
The primary business of ONGC Videsh is to prospect for oil and gas acreages outside India, including exploration, development and production of oil and gas. ONGC Videsh ocontributes to 14.8% of oil and 12.5 % of oil and natural gas production of India respectively.
In terms of reserves and production, ONGC Videsh is the second largest petroleum Company of India, next only to its parent ONGC.
ONGC Videsh has stake in 37 oil and gas projects in 17 Countries, Viz. Vietnam (2 projects), Russia (3 projects), Sudan (2 projects), South Sudan (2 projects), Iran (1 project), Iraq (1 project), Libya (1 project), Myanmar (4 projects), Syria (2 projects), Brazil (2 projects), Colombia (8 projects), Venezuela (2 projects), Kazakhstan (1 project), Azerbaijan (2 projects), Mozambique (1 Project), Bangladesh (2 Projects) and New Zealand (1 Project). ONGC Videsh had ventured into midstream and had successfully completed 741 Km product pipeline project in Sudan in 2005.
ONGC Videsh has 3P reserves of 647.485 MMTOE as on 01.04.2015.