Sea Survival Training

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  • ONGC’s Sea Survival Centre: A National, and indeed, a Global asset

  • Safety is paramount and valuable

  • A Training for all!

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Oil and Natural Gas Corporation Limited (ONGC) has set up a Euro Medium Term Note (EMTN) Programme of US$ 2 billion which will be listed on Singapore Stock Exchange. An EMTN Programme is an uncommitted facility and any drawdown thereof under this document would be subject to funding requirements. This is landmark achievement for ONGC as it is amongst select few corporates and India’s first Oil & Gas public sector integrated energy major to set up an EMTN Programme.

Shri Shashi Shanker, Chairman and Managing Director, ONGC said “This is a landmark achievement for ONGC, as setting up of EMTN Programme will further enhance our credit profile amongst global investor base. We have embedded structural features in the Programme which would allow ONGC, ONGC Videsh or its subsidiaries to access international markets within shorter time frame. We do believe this Programme will assist in meeting our strategic financing requirements for our organic or inorganic growth prospects true to our vision of becoming an integrated energy major of global reckoning.”

Shri Subhash Kumar, Director (Finance), ONGC said “EMTN Programme which will be listed on Singapore Stock Exchange will allow us to access international bond markets opportunistically to meet our funding requirements. We are only amongst select few corporates in India who have set up an EMTN Programme. Current low yield environment in international debt markets does provide attractive tenor funding options, however any drawdown under the Programme will be made to meet specific requirements of ONGC, ONGC Videsh Limited or its subsidiaries”

About ONGC: ONGC is the largest oil and gas exploration and production company in India in terms of production and reserves of oil and gas for the 2019 Fiscal Year according to the MoP&NG. According to the Platts Top 250 Global Energy Companies Rankings 2018 (which measures financial performance by examining various companies’ assets, revenues, profits and return on invested capital), the Company was ranked 1st globally among oil and gas companies in the exploration and production category and was ranked 21st overall.

Further, the Company was ranked 3rd largest in India and 160th on the 2019 Fortune Global 500 List and 220th largest worldwide in the Forbes Global 2000 list of the world’s biggest companies for 2019 based on sales, profits, assets and market capitalisation.



This announcement does not constitute nor form part of any offer, solicitation or invitation to sell, issue or subscribe for securities in the U.S. or any other jurisdiction. No securities have been or will be registered under the U.S. Securities Act of 1933 (as amended) (the "Securities Act") or the securities laws of any state of the U.S. or any other jurisdiction. If an offering proceeds, the securities will only be offered and sold through offshore transactions outside the United States in reliance on Regulation S under the Securities Act (“Regulation S”) and may not be offered or sold within the United States absent registration except in accordance with Regulation S or pursuant to any other applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and the rules, the regulations thereunder and the applicable state or local securities laws of the United States. No public offering is being made in the United States or in any other jurisdiction where such an offering is restricted or prohibited or where such offer would be unlawful. Neither this announcement nor any portion hereof may be sent or transmitted into the U.S. or any jurisdiction where it is restricted or prohibited or unlawful to do so. Any failure to comply with these restrictions may result in a violation of the Securities Act or the applicable laws of other jurisdictions. This announcement does not constitute or form part of any offer, solicitation or invitation to sell, issue or subscribe for securities to investors in India (whether by way of private placement, public issue or otherwise). Any Notes may only be sold in accordance with the external commercial borrowing regulations of the Reserve Bank of India. Details of Programme Establishment may be filed with Indian Stock Exchanges as required under applicable laws.