New Delhi: The government has appointed Arunangshu Sarkar to the Oil and Natural Gas Corp board as the company’s first director (strategy and corporate affairs).
The Appointments Committee of the Cabinet (ACC) has approved the oil ministry’s proposal to appoint Sarkar, group general manager (production) at ONGC to the board, the oil ministry said in a communication to the company on Saturday. He will stay in this position until his retirement.
Nearly two years ago, while appointing Arun Singh, a retired BPCL chairman, as the new CEO of ONGC the government decided to restructure the ONGC board to revitalize the organization. The posts of director (offshore) and director (onshore) were abolished and replaced by two new positions of director (production) and director (strategy and corporate affairs) on the board.
Director (offshore) Pankaj Kumar was given the position of director (production) in March 2023 after director (onshore) Anurag Sharma retired. The director (production) looks after the entire operation of onshore and offshore oil and gas fields.
Applications for the job of director (strategy and corporate affairs) were sought in January 2024. Sarkar will look after strategy, business development, joint ventures, new energy, petrochemicals, marketing and IT functions at the organisation.
ONGC has a director each looking after exploration, finance and human resource functions. ONGC has been facing declining output. It has not been able to make major discoveries for years. Restructuring the ONGC board has been one of the many steps the government has taken over the years to rev up the domestic oil and gas sector. India's oil production has fallen by a fifth in a decade and foreign investors have shown limited interest in the country's exploration sector.
The Appointments Committee of the Cabinet (ACC) has approved the oil ministry’s proposal to appoint Sarkar, group general manager (production) at ONGC to the board, the oil ministry said in a communication to the company on Saturday. He will stay in this position until his retirement.
Nearly two years ago, while appointing Arun Singh, a retired BPCL chairman, as the new CEO of ONGC the government decided to restructure the ONGC board to revitalize the organization. The posts of director (offshore) and director (onshore) were abolished and replaced by two new positions of director (production) and director (strategy and corporate affairs) on the board.
Director (offshore) Pankaj Kumar was given the position of director (production) in March 2023 after director (onshore) Anurag Sharma retired. The director (production) looks after the entire operation of onshore and offshore oil and gas fields.
Applications for the job of director (strategy and corporate affairs) were sought in January 2024. Sarkar will look after strategy, business development, joint ventures, new energy, petrochemicals, marketing and IT functions at the organisation.
ONGC has a director each looking after exploration, finance and human resource functions. ONGC has been facing declining output. It has not been able to make major discoveries for years. Restructuring the ONGC board has been one of the many steps the government has taken over the years to rev up the domestic oil and gas sector. India's oil production has fallen by a fifth in a decade and foreign investors have shown limited interest in the country's exploration sector.
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