ONGC Wins Golden Peacock Award 2025 for Pioneering Oilfield Innovation
Oil and Natural Gas Corporation (ONGC) has been honored with the prestigious Golden Peacock Award 2025 in the 'Innovative Product/Service' category for its revolutionary Single Phase Retarded Acid System (SPRAS).
Developed by the Institute of Production Engineering and Ocean Technology (IPEOT), SPRAS significantly enhances well production by 33-55%, eliminates diesel usage, reduces costs by seven times, and simplifies operations.
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This breakthrough technology is set to transform oilfield stimulation, making it more efficient, cost-effective, and environmentally sustainable.
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Maharatna ONGC is India’s largest crude oil and natural gas company, contributing 75% to domestic production. It supplies crude oil to IOC, BPCL, and HPCL for refining into petrol, diesel, kerosene, and LPG.
Ranked 11th among global energy majors (Platts), ONGC is India’s only public sector company in Fortune’s ‘Most Admired Energy Companies’ list. It is a top profit-making and dividend-paying enterprise, recognized for strong corporate governance.
With over 30,000 professionals, ONGC excels in exploration, production, and oilfield services. Its subsidiary, ONGC Videsh, operates 39 projects across 19 countries, making it India’s largest international oil and gas company.
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