-1.35 (-0.56%) ONGC’s overseas arm - ONGC Videsh (OVL) has bagged the best PSU award in the oil and gas sector at the Dainik Bhaskar India Pride Awards on December 19, 2013. The company received the prestigious award from Union Minister of Human Resource Development and the chief guest on the occasion.
OVL is a wholly owned subsidiary of Oil and Natural Gas Corporation (ONGC), the National Oil Company of India, and is India’s largest international oil and gas E&P Company. OVL is currently producing 160 thousand barrels of oil and oil equivalent gas per day and has total oil and gas reserves of about 433 mmtoe as on March 31, 2013.