PESB selected Sudhir Sharma, GGM, OVL/ONGC selected for the post of Director (Exploration), ONGC Videsh Limited (OVL). 13 persons were interviewed in the selection meeting.
Dr Anil Bhandari, the incumbent Director, is scheduled to vacate the position on July 31 this year. He had taken over on March 07, 2014.
ONGC Videsh, a Miniratna Schedule “A” CPSE, is the wholly owned subsidiary and overseas arm of ONGC, the flagship national oil company of India. The primary business of OVL is to prospect for oil and gas acreages outside India, including exploration, development and production. Having single asset in year 2000, OVL today owns Participating Interests in 33 oil and gas assets in 16 countries. It contributes to 14.5% of oil production and 8% of natural gas production of India respectively. In terms of reserves and production OVL is the second largest petroleum Company of India next to ONGC.