Oil Exploration & Upstream Petroleum Companies in India with Focus on Carbon Management
Whenever there is a mention of any Oil Exploration Companies in India, there is just one name that stands at the fore, and the name is countryâs Maharatna, ONGC. The very name is synonymous of Exploration to Oil, Carbon Management, Leadership, commitment and keeping the nation safe and secure.
ONGC has a rich history of its evolution since 1954, and how the organisation became Indiaâs most favoured Multi National Company. It was not surprising when in 2010 it was conferred with Maharatna status in the year 2010. Not only in Oil Exploration but we are also one of the leaders in Upstream Petroleum Companies and Carbon Management.
Let now know a little more about ONGC as an Upstream Petroleum Company. An Upstream oil and gas production is conducted by companies who identify, extract, or produce raw materials. Upstream oil and gas production and operations identify deposits, drill wells, and recover raw materials from underground.
They are also often called exploration and production companies. This sector also includes related services such as rig operations, feasibility studies, machinery rental, and extraction of chemical supply. Downstream oil and gas production companies are closer to the end user or consumer.
The next few years may witness a closer collaboration of Steel and Oil & Gas sectors of the Indian economy. Chairing a webinar on âAtmanirbhar Bharatâ Fostering domestic steel usage in oil & gas sectorâ, the Minister of Petroleum & Natural Gas and Steel Mr. Dharmendra Pradhan said that the growth profile of the Oil and Gas sector offers a huge opportunity to the domestic steel industry.
Analysing the structure of the upstream petroleum Industry, the three major upstream segments are: (1) Production facilities like GGS in onshore or Process Platforms in offshore, (2) Line pipes for transportation and (3) Oil Country Tubular Goods for Exploration and Development. âThe projects in all these segments will rise in the next few years.â
ONGC being one of the premier energy majors of the world, we realise our roles and responsibilities in ensuring sustained development through protection of the ecological system. We care for our environment and want our generations to enjoy the green ecological system. We therefore strive to position our self as a leading organisation in sustainable management and strive to achieve sustainable development through a holistic approach to carbon management.
ONGC believes that focused Carbon Management efforts are an ideal route to cover the elements of our business specific sustainable development issues across the environmental dimensions. A critical area of environmental sustainability is mitigation of global greenhouse gas from operations. It is an organizational objective for us to progressively reduce our carbon footprint by working towards reduction in both direct and indirect energy consumption.
We have a highly dedicated Carbon Management & Sustainability Group (CM&SG) with a specific mandate to position ONGC as the leading organisation in sustainable development (SD) and to voluntarily take up carbon management strategy to synergise all business activities with sustainable development, particularly to address issues related to climate change risks and opportunities arising from carbon mitigation initiatives.
The management has been active in engaging with national and international climate change forum to ensure that the organisation stays current with global climate change negotiations and Indiaâs domestic commitments.
At this point we find it worthwhile to mention about our Global Methane Initiative (GMI). Global Methane Initiative (GMI) was launched by United States Environmental Protection Agency (USEPA) is a voluntary, multilateral partnership and other interested stakeholders in a collaborative effort to reduce methane gas emissions and advance methane recovery and use as a clean energy source.
The efforts not only reduce global methane emissions but also stimulate economic growth, strengthen energy security, improving local air & water quality in addition to the safety of the manpower employed.
ONGC signed a voluntary agreement with USEPA in 2007 for the purpose of reducing fugitive methane emission in atmosphere by implementing cost effective emission reduction technologies and practices. Regular gas leak surveys are conducted at various production installations using Gas Find Infrared Camera.
The main objective of the gas leak survey was to identify the fugitive gas leaks to enable the remedial action in order to improve the operational efficiency, enhancing workplace safety, protecting the environment and increasing marketable natural gas.
In FY20, CM&SG group had completed the GMI Survey of the following locations
Uran Plant  (11.11.2019 to13.11.2019)
Hazira Plant (22.04.2019 to 25.04.2019)
Assam Asset (30.10.2019 to 02.11.2019)
In FY21, CM&SG group had completed the GMI Survey of the following locations
Ahmedabad Asset (11.03.2021 to 13.03.2021)
Cambay Asset ( 15.03.2021 to 16.03.2021)