{"product_id":"ongcindia-business-model-canvas","title":"Oil \u0026 Natural Gas Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOil \u0026amp; Gas: Unveiling the Business Model Canvas\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eCurious about the core engine driving Oil \u0026amp; Natural Gas's operations? Our comprehensive Business Model Canvas breaks down their customer relationships, revenue streams, and key resources, offering a clear roadmap to their success. Understand how they navigate this complex industry and gain insights that can fuel your own strategic planning.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Alliances for Hydrocarbon Exploration and Production\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eONGC actively forms strategic alliances with international energy leaders such as BP. These collaborations focus on jointly exploring and assessing promising oil and gas ventures, both within India and across global territories. For instance, in 2023, ONGC and BP announced a partnership to explore new blocks in India.\u003c\/p\u003e\n\u003cp\u003eThese partnerships are crucial for sharing advanced methodologies, particularly in deep-water exploration. They also facilitate the optimization of production from existing, mature oil and gas fields, ensuring continued operational efficiency and resource maximization for ONGC.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Ventures for Renewable Energy Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe company has established crucial joint ventures, a prime example being its collaboration with NTPC Green Energy Limited (NGEL). This partnership is specifically designed to drive forward offshore wind projects, aligning with India's ambitious clean energy transition objectives.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTechnology and Expertise Collaborations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eONGC actively pursues technology and expertise collaborations to drive innovation in oil and gas exploration and production.  These partnerships are crucial for accessing advanced drilling techniques and digital solutions that boost efficiency and recovery rates.\u003c\/p\u003e\n\u003cp\u003eFor instance, ONGC's focus on digital transformation in 2024 involves integrating AI and machine learning for seismic data analysis, aiming to reduce exploration risks and costs.  Such collaborations are vital for maintaining a competitive edge in a dynamic global energy market.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAcquisitions and Equity Partnerships in Green Energy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eONGC is actively pursuing acquisitions and equity partnerships to bolster its green energy segment. A prime example is the acquisition of PTC India Ltd's subsidiary, PTC Energy Ltd, in 2023 for approximately ₹925 crore. This move significantly expanded ONGC's operational wind power capacity, adding around 177 MW to its existing renewable energy portfolio.\u003c\/p\u003e\n\u003cp\u003eFurthermore, ONGC participates in strategic equity partnerships through its joint ventures. For instance, its investment in Ayana Renewable Power, a company focused on solar and wind energy projects, underscores its commitment to diversifying its renewable energy sources and leveraging expertise from established players in the sector.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eAcquisition of PTC Energy Ltd:\u003c\/strong\u003e ONGC acquired PTC Energy Ltd in 2023 for approximately ₹925 crore, adding 177 MW of operational wind power capacity.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEquity Partnership in Ayana Renewable Power:\u003c\/strong\u003e ONGC participates in Ayana Renewable Power through joint ventures, focusing on solar and wind energy projects.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eStrategic Rationale:\u003c\/strong\u003e These partnerships and acquisitions accelerate ONGC's transition towards a greener energy portfolio and enhance its renewable energy generation capabilities.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCollaborations in New Energy Value Chains\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eONGC is strategically forging key partnerships to expand its reach into new energy frontiers. For instance, in 2024, ONGC signed a Memorandum of Understanding (MoU) with Tata Power Renewable Energy Ltd. to explore opportunities in Battery Energy Storage Systems (BESS). This collaboration is a significant step towards diversifying ONGC's energy portfolio beyond traditional oil and gas.\u003c\/p\u003e\n\u003cp\u003eThese alliances are crucial for building a resilient and future-ready energy business model. By joining forces with established players in emerging sectors, ONGC aims to leverage complementary expertise and accelerate its transition into a broader energy company. This approach not only mitigates risk but also taps into new revenue streams.\u003c\/p\u003e\n\u003cp\u003eThe focus on BESS, for example, highlights ONGC's commitment to supporting the integration of renewable energy sources. Such partnerships are vital for creating integrated energy value chains that can meet the evolving demands of the market.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\u003cstrong\u003eONGC's MoU with Tata Power Renewable Energy Ltd. in 2024\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eFocus on Battery Energy Storage Systems (BESS) development\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eObjective to diversify energy portfolio and build new revenue streams\u003c\/strong\u003e\u003c\/li\u003e\n\u003cli\u003e\u003cstrong\u003eStrategic move to create integrated energy value chains\u003c\/strong\u003e\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Alliances Powering Energy Transition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eONGC's key partnerships are vital for accessing new technologies and expanding into renewable energy. Collaborations with international leaders like BP aid in deep-water exploration, while ventures with entities such as NTPC Green Energy Limited are crucial for developing offshore wind projects. These alliances are instrumental in ONGC's strategic shift towards a diversified energy portfolio.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003ePartner\u003c\/th\u003e\n\u003cth\u003eFocus Area\u003c\/th\u003e\n\u003cth\u003eYear\u003c\/th\u003e\n\u003cth\u003eKey Outcome\/Objective\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eBP\u003c\/td\u003e\n\u003ctd\u003eExploration \u0026amp; Production\u003c\/td\u003e\n\u003ctd\u003e2023\u003c\/td\u003e\n\u003ctd\u003eJointly exploring new blocks in India\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNTPC Green Energy Limited (NGEL)\u003c\/td\u003e\n\u003ctd\u003eOffshore Wind Projects\u003c\/td\u003e\n\u003ctd\u003eOngoing\u003c\/td\u003e\n\u003ctd\u003eDriving clean energy transition\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTata Power Renewable Energy Ltd.\u003c\/td\u003e\n\u003ctd\u003eBattery Energy Storage Systems (BESS)\u003c\/td\u003e\n\u003ctd\u003e2024\u003c\/td\u003e\n\u003ctd\u003eDiversifying energy portfolio, creating integrated value chains\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA detailed Oil \u0026amp; Natural Gas Business Model Canvas outlining key activities like exploration, extraction, refining, and distribution, all while focusing on customer segments such as industrial users and energy consumers.\u003c\/p\u003e\n\u003cp\u003eThis model provides a structured framework for understanding revenue streams, cost structures, and crucial partnerships within the complex oil and gas value chain.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eSimplifies complex upstream, midstream, and downstream operations into a clear, actionable framework.\u003c\/p\u003e\n\u003cp\u003eProvides a structured approach to identifying and addressing inefficiencies across the entire value chain.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eHydrocarbon Exploration and Discovery\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eHydrocarbon exploration and discovery are the lifeblood of any oil and gas company. ONGC, for instance, is heavily invested in this area, aiming to unearth new reserves. This focus is clearly demonstrated by their ambitious drilling program. \u003c\/p\u003e\n\u003cp\u003eIn the fiscal year 2025, ONGC planned to drill 578 wells, marking the highest number in 35 years. This significant undertaking underscores their commitment to expanding India's domestic hydrocarbon resources. \u003c\/p\u003e\n\u003cp\u003eThe company's strategy involves substantial investment in exploratory wells and actively pursuing new hydrocarbon discoveries across various geological basins within India. These efforts are crucial for securing future energy supplies and reducing import dependence. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOil and Gas Development and Production\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe core of oil and gas operations lies in developing existing reserves and boosting production. This involves significant capital investment and the application of advanced technologies to extract more crude oil and natural gas. For instance, ONGC, a major player, focuses on increasing output from both its new discoveries and mature fields to help meet India's substantial energy needs.\u003c\/p\u003e\n\u003cp\u003eIn fiscal year 2023-24, ONGC's gross production of crude oil stood at approximately 22.43 million metric tons, while its natural gas production reached around 24.07 billion cubic meters. These figures highlight the scale of their development and production activities aimed at bolstering national energy security.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRefining and Petrochemical Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eONGC's refining and petrochemical operations are crucial for adding value to its crude oil and natural gas production. Through subsidiaries like Hindustan Petroleum Corporation Limited (HPCL) and Mangalore Refinery and Petrochemicals Limited (MRPL), ONGC processes its upstream output into a range of refined products and petrochemicals.\u003c\/p\u003e\n\u003cp\u003eIn 2024, HPCL's refinery throughput reached approximately 22.0 million metric tons, demonstrating significant operational capacity. MRPL also contributed substantially, processing around 11.4 million metric tons of crude oil during the same period.\u003c\/p\u003e\n\u003cp\u003eFurthermore, ONGC's petrochemical arm, through its stake in OPaL (ONGC Petro additions Limited), plays a vital role in the polymer market. OPaL's integrated complex is designed to produce various polymers, contributing to India's growing demand for these essential materials.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRenewable Energy Generation and Development\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eONGC is actively growing its presence in the renewable energy sector, with substantial investments channeled into solar and wind power initiatives. This strategic push is crucial for diversifying its energy portfolio and contributing to India's climate objectives.\u003c\/p\u003e\n\u003cp\u003eThe company has set an ambitious target of achieving 10 gigawatts (GW) of renewable energy capacity by the year 2030. This aligns directly with national decarbonization goals and demonstrates a commitment to a cleaner energy future.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eSolar Power Projects:\u003c\/strong\u003e ONGC is developing large-scale solar farms across various locations in India.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eWind Energy Investments:\u003c\/strong\u003e The company is also investing in wind power projects, both onshore and offshore.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eCapacity Expansion:\u003c\/strong\u003e The 10 GW target by 2030 signifies a significant increase in its renewable energy generation capabilities.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDecarbonization Alignment:\u003c\/strong\u003e These activities directly support India's broader strategy to reduce carbon emissions and promote sustainable energy sources.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResearch, Technology Adoption, and Innovation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eThe company prioritizes ongoing research and development, focusing on adopting cutting-edge technologies to improve exploration success rates and boost production efficiency.  This commitment to innovation is crucial for maintaining a competitive edge in the dynamic energy sector.\u003c\/p\u003e\n\u003cp\u003eDigital transformation is a significant focus, with investments in areas like advanced analytics and AI to optimize operations and reduce costs. For instance, in 2024, many oil and gas firms are increasing their spending on digital solutions, with the global oil and gas digital transformation market projected to reach over $70 billion by 2026, indicating a strong trend towards tech adoption.\u003c\/p\u003e\n\u003cp\u003eFurthermore, the company is actively exploring new energy avenues, including green hydrogen production, as part of its strategy to diversify its portfolio and address evolving market demands. This forward-looking approach aims to position the company for long-term sustainability and growth in a changing energy landscape.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eResearch \u0026amp; Development Investment:\u003c\/strong\u003e Allocating significant capital to R\u0026amp;D for next-generation exploration and production techniques.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eDigitalization Initiatives:\u003c\/strong\u003e Implementing AI, IoT, and data analytics to enhance operational efficiency and predictive maintenance.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eNew Energy Solutions:\u003c\/strong\u003e Investing in and piloting projects related to green hydrogen and other sustainable energy sources.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eTechnology Partnerships:\u003c\/strong\u003e Collaborating with technology providers and research institutions to accelerate innovation adoption.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Sector Core: Hydrocarbon Production and Green Transition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eThe core activities for an oil and natural gas business revolve around finding, extracting, and processing hydrocarbons. This includes everything from initial seismic surveys to the final delivery of refined products.\u003c\/p\u003e\n\u003cp\u003eKey operations encompass exploration to discover new reserves, development of discovered fields to bring them into production, and the actual extraction of crude oil and natural gas. These are capital-intensive processes requiring significant technological expertise.\u003c\/p\u003e\n\u003cp\u003eValue is added through refining crude oil into various products like gasoline and diesel, and processing natural gas for industrial and residential use. Petrochemical production further diversifies output and revenue streams.\u003c\/p\u003e\n\u003cp\u003eCompanies are also increasingly investing in renewable energy sources like solar and wind, and exploring new frontiers such as green hydrogen, to diversify their portfolios and align with sustainability goals.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\n\u003ctr\u003e\n\u003cth\u003eActivity\u003c\/th\u003e\n\u003cth\u003eDescription\u003c\/th\u003e\n\u003cth\u003eExample (ONGC)\u003c\/th\u003e\n\u003cth\u003e2023-24 Data\u003c\/th\u003e\n\u003c\/tr\u003e\n\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eExploration \u0026amp; Discovery\u003c\/td\u003e\n\u003ctd\u003eIdentifying and proving new hydrocarbon reserves.\u003c\/td\u003e\n\u003ctd\u003eDrilling exploratory wells across various basins.\u003c\/td\u003e\n\u003ctd\u003ePlanned 578 wells in FY25 (highest in 35 years).\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDevelopment \u0026amp; Production\u003c\/td\u003e\n\u003ctd\u003eBringing discovered fields online and extracting resources.\u003c\/td\u003e\n\u003ctd\u003eIncreasing output from new and mature fields.\u003c\/td\u003e\n\u003ctd\u003eCrude Oil: ~22.43 MMT; Gas: ~24.07 BCM.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRefining \u0026amp; Petrochemicals\u003c\/td\u003e\n\u003ctd\u003eProcessing crude oil and gas into finished products.\u003c\/td\u003e\n\u003ctd\u003eSubsidiaries HPCL and MRPL, stake in OPaL.\u003c\/td\u003e\n\u003ctd\u003eHPCL throughput: ~22.0 MMT; MRPL throughput: ~11.4 MMT.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRenewable Energy\u003c\/td\u003e\n\u003ctd\u003eInvesting in solar, wind, and other green energy sources.\u003c\/td\u003e\n\u003ctd\u003eDeveloping solar farms and wind projects.\u003c\/td\u003e\n\u003ctd\u003eTarget: 10 GW renewable capacity by 2030.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eResearch \u0026amp; Development\u003c\/td\u003e\n\u003ctd\u003eInnovating to improve efficiency and explore new technologies.\u003c\/td\u003e\n\u003ctd\u003eAdopting advanced analytics, AI, and green hydrogen.\u003c\/td\u003e\n\u003ctd\u003eGlobal digital transformation market projected \u0026gt;$70B by 2026.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eWhat You See Is What You Get\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe Oil \u0026amp; Natural Gas Business Model Canvas you are previewing is the actual, complete document you will receive upon purchase. This isn't a sample or a mockup; it's a direct representation of the detailed strategic framework you'll gain access to. Once your order is processed, you'll download this exact file, ready for immediate use and customization to refine your oil and gas business strategy.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"MatrixBCG","offers":[{"title":"Default Title","offer_id":55611332100473,"sku":"ongcindia-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0911\/3554\/1625\/files\/ongcindia-business-model-canvas.png?v=1754755510","url":"https:\/\/growthsharematrix.com\/products\/ongcindia-business-model-canvas","provider":"Growth Share Matrix","version":"1.0","type":"link"}