ONGC VIDESH LIMITED

Company Introduction: ONGC VIDESH LIMITED (OVL) in Bangladesh

ONGC Videsh Limited (OVL) is the wholly-owned subsidiary and overseas arm of the Indian state-owned Oil and Natural Gas Corporation (ONGC). OVL's core business involves the exploration, development, and production of oil and natural gas across various international locations.

In Bangladesh, OVL has been actively involved in the upstream oil and gas sector. Its activities typically include seismic surveys, drilling of exploratory and appraisal wells, and the potential development of discovered oil and gas fields. For instance, OVL has participated in exploration blocks such as SS-04 and SS-09 in the Bay of Bengal, aiming to discover and produce hydrocarbon resources. Its operations contribute to Bangladesh's energy security by developing indigenous oil and gas reserves.

Classification:

ONGC Videsh Limited is neither a factory nor a trader. It is an upstream oil and gas company engaged in the exploration and production (E&P) of crude oil and natural gas. Its primary role is to discover and extract raw hydrocarbon resources from the earth.

ONGC VIDESH LIMITED (OVL) operates in the upstream oil and gas sector. In Bangladesh, OVL is primarily involved in the exploration for hydrocarbons. If their exploration activities lead to successful commercial discoveries and subsequent development, the products they would produce and potentially sell are:

Crude Oil

Natural Gas