ONGC Videsh Limited
ONGC Videsh Limited, a Miniratna Schedule “A” Central Public Sector Enterprise (CPSE) of the Government of India under the administrative control of the Ministry of Petroleum & Natural Gas, 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 owns Participating Interests in 39 oil and gas assets in 19 countries and produced about 29.5% of oil and 22.1% of oil and natural gas of India’s domestic production in 2018-19. In terms of reserves and production, ONGC Videsh is the second largest petroleum company of India, next only to its parent ONGC.