Rajesh Kumar Srivastava takes additional charge as ONGC CMD
New Delhi, September 1, 2022
Rajesh Kumar Srivastava, Director (Exploration) of Oil and Natural Gas Corporation Limited (ONC) today took over additional charge of the Chairman and Managing Director (CMD) of the energy giant.
He has succeeded Alka Mittal, who superannuated from service on August 31.
Srivastava, who has been serving as Director (Exploration) since August 2, 2019, is the senior-most Director on the Board of the public sector company.
Srivastava acquired his Master of Science (Geology) from Lucknow University and Master’s degree in Engineering Geology from Indian Institute of Technology (IIT), Kanpur. He also holds a Non-Executive Director Diploma from Financial Times, United Kingdom.
He joined ONGC as a geologist in 1984 at Krishna Godavari Basin in Rajahmundry.
With over 38 years of experience in exploration & production business, Srivastava is an expert in up-stream hydrocarbon exploration from well-site operations, development geology, seismic data interpretation to monitoring and planning of exploration, a press release from ONGC said.
After his initial stint as an exploration geologist in Krishna Godavari Basin, he joined ONGC’s Institute of Reservoir Studies in Ahmedabad; he was considered as one of the best hands in the trade of Reservoir Modelling for preparation of field development plans, simulation studies for production forecasts and techno-economic evaluation of prospects. He is credited to have introduced the art and science of geo-cellular modeling in ONGC, Neelam offshore field being the first full field fine scale geo-cellular model for dynamic modelling for redevelopment.
During his tenure at Exploration and Development Directorate of ONGC, he was closely associated with the exploration and development activities of Assam & Assam Arakan (A&AA) Basin, Mahanadi Bengal Andaman (MBA) Basin, Krishna-Godavari (KG) Basin and Cauvery Basin. The 8th Basin of India -- Bengal Basin -- was put on production during his tenure as director. The Vindhyan Basin which may soon become the 9th producing basin of India, also owes its success to his stewardship. He is also the architect of the aggressive exploration programme ONGC is currently pursuing.
He played a key role in the formulation of "Hydrocarbon Vision-2030 for North East India" driven by Ministry of Petroleum and Natural Gas. He has also evaluated several exploration and development blocks of Egypt and Sudan. As an acknowledgement for his contributions towards discovery of hydrocarbons in Indian Basins, field development and hydrocarbon exploration, Srivastava was honored with the National Mineral Award in 2009.
Srivastava is also the Chairman of ONGC TERI Biotech Limited (OTBL) and the President of the Indian Geological Congress (IGL).