N K Verma
Mr Narendra K Verma has taken charge at ONGC Videsh as its Managing Director this morning. Mr. Verma has been Director (Exploration) of the Maharatna ONGC since April 1, 2013 after having long illustrious career spanning more than three decades with the company.
Prior to joining the Board of Directors of ONGC, he was the Director (Exploration) for ONGC Videsh Limited with the responsibility of development and implementation of Exploration strategy and Business Development for the growth of the Company. As Director-Exploration at OVL, Mr. Verma was responsible for development and implementation of exploration strategy & Business Development and was actively responsible for strategizing and aggressively implementing the growth strategy of OVL with a couple of high value acquisition in the last one year.
Mr. Verma during his long stint in ONGC has held many key assignments. As the Exploration Manager, he managed the exploration activities during 2004 to 2007 in one of the most prolific oil and gas producing Block in Assam-Arakan Basin of India with three major producing fields and a number of existing satellite fields. He, joined ONG in 1980 and has extensively been associated with exploration and development related activities in a number of Indian and foreign basins. As an exploration geologist he has conceptualized a number of exploration projects in wide variety of basins including deep waters and implemented the studies, resulting in reserve accretion and evaluation of hydrocarbon potential.
As the Head of G&G at Geodata Processing & Interpretation Centre (GEOPIC) during 2007-08, the Centre of Excellence for G&G Studies of ONGC with large infra-structure including Virtual Reality Centre, he was directly responsible for planning, implementing, controlling and supervising the Exploration and development related G&G work using State of the Art/high technology tools catering to the need for Indian basins as well as overseas acreages in different countries. During 2008-2011, as the Basin Manager of Frontier Basins at ONGC, he managed the exploration activities of NW Himalaya, Ganga, Rewa-Satpura and Vindhyan Basins of India.
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).
Mr. Verma obtained his M.Sc. (Special) in Applied Geology from Lucknow University in 1979 and subsequently acquired an M.Tech degree in Petroleum Exploration from Indian School of Mines, Dhanbad in 1986. Mr. Verma also holds a Masters in Business Administration in Finance. An accomplished geologist and manager, Mr. 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.
He has wide variety of experience including field exploration, onshore & offshore operations, G&G analysis, Basin Analysis, integrated exploration and development studies.