New Delhi: Pankaj Kumar took over the charge of Director (Offshore) of Oil and Natural Gas Corporation Limited (ONGC) on 4 September. As Director (Offshore), Kumar will be responsible for the entire gamut of Offshore Oil & Gas fields contributing around 70 percent of Crude Oil and 78 percent of Natural Gas production of the Maharatna ONGC. He was recommended by PESB for the post of ONGC's Director (Offshore) in June 2021.
Kumar is a thorough Oil & Gas industry professional with more than 34 years of experience across ONGC's business functions. He has held key positions as Chief of Corporate Strategy & Planning group of ONGC and Asset Manager of Cambay and Ahmedabad Asset. Sustainable production enhancement from mature fields of Ahmedabad and Cambay. He has been instrumental in bringing numerous technological advances by working with various Assets across the Energy major.
During his recent tenure as Asset Manager of one of the largest onshore Assets of ONGC at Ahmedabad, the country faced the worst-ever pandemic and lockdown. Under his dynamic leadership, during these severe lock-conditions, the Asset with 67 installations continued production round-the-clock.
He is known for his visionary approach and dynamic decision making. During his stint in Joint Venture (JV) Operations Group, Kumar was instrumental in the exceptional turnaround of CB-OS/2 Offshore JV block by making it profitable with an almost 100 per cent increase in production and delivering complex offshore projects in Panna-Mukta and Tapti block, on time and within the allocated budget. Kumar contributed to the formulation of ONGC's Long Term Growth Strategy: Energy Strategy 2040 as Chief Corporate Strategy & Planning.
Kumar is also the Chairperson of the Society of Petroleum Engineers India Section (SPE) – an international organization formed to collect, disseminate and exchange technical knowledge concerning the exploration, development and production of oil and gas resources and related technologies for the public benefit. He holds a Bachelor's degree in Chemical Engineering from the University of Roorkee (now IIT Roorkee) and a Master's degree in Process Engineering from IIT Delhi. He completed Advanced Management Program at IIM Bengaluru and Leadership Development Program at IIM Calcutta.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)