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ONGC

  • Sanjay DhirEmail author
  • Sushil
Chapter
Part of the Flexible Systems Management book series (FLEXSYS)

Abstract

Mr. Narendra Kumar Verma took over the proceedings as Managing Director of ONGC Videsh Ltd., a subsidiary and foreign arm of ONGC in August 2014. He has an insurmountable peak to climb as the company’s target is to achieve a production of 20 MMTPA (oil and oil equivalent gas) by 2018 and 60 MMTPA by 2030. The present production capacity of ONGC Videsh Ltd. is 8.916 MMTOE (crude oil—5.510 MMT and natural gas—3.406 BCM) as of April 2016. In the last fiscal year, the effective ONGC Videsh’s share in the foreign asset is (−7.22) MMTOE as the company apart from producing the capacity, terminated five E&P contracts of Imperial Energy Corporation, Russia, which amounted to 15.296 MMTOE. The two options before the MD are that he has to reconsider the targets or he has to come up with a strategy to achieve the required objective. He heads toward the meeting hall hoping that the strategy team will come up with a solution to the pertaining problem.

Supplementary material

References

Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  1. 1.Department of Management StudiesIndian Institute of Technology DelhiNew DelhiIndia

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