New Managing director for ONGC Videsh (India)
- Business & Finance
Narendra K Verma has taken charge at India’s ONGC Videsh as its Managing Director.
Verma has been Director (Exploration) of the Maharatna ONGC since April 1, 2013 after having a more than three decades long career with the oil major.
Prior to joining the Board of Directors of ONGC, he was the Director (Exploration) for ONGC Videsh Limited. At OVL, Verma was responsible for the growth strategy and business development at OVL with several high value acquisitions in last one year.
He joined ONGC in 1980 and has been associated extensively with exploration and development related activities in a number of Indian and foreign basins. As an exploration geologist he has conceptualized exploration projects in a wide variety of basins including deep waters resulting in reserve accretion and evaluation of hydrocarbon potential.
Presently, he is also the Chairman of OTBL a joint venture company of ONGC and TERI which is in the business of bio-remediation. He has also been recently elected as Vice Chair & Member of Expert Group on Research Classification in United Nations Framework Classification for Fossil Energy and Mineral Reserves and Resources 2009 (UNFC-2009).
Verma obtained his M.Sc. in Applied Geology from Lucknow University and an M.Tech degree in Petroleum Exploration from Indian School of Mines, Dhanbad in 1986. Verma also holds a Masters in Business Administration in Finance.
An accomplished geologist and manager, Verma is recipient of prestigious ‘National Mineral Award’, the highest recognition by the Government of India in the field of geosciences, mining and allied areas, for his outstanding contribution to Petroleum Exploration in Mumbai Offshore. He has also published more than 20 technical papers and over 40 technical reports.