New Delhi: Mr Shashi Shanker will take charge as ONGC CMD from 1st October 2017. Mr Shanker will take over the reins of ONGC from Mr Dinesh K Sarraf, who superannuates from service on 30.09.2017.
Mr Shanker is an industry veteran with over 30 years of experience in diverse E&P activities. He is a Petroleum Engineer from Indian School of Mines (ISM), Dhanbad. He also holds an MBA degree with specialisation in Finance. He has also received executive education from prestigious Indian Institute of Management, Lucknow and Indian School of Business, Hyderabad.
Prior to his appointment as Director (T&FS) in 2012, he has progressed through senior management roles in various work-centers including Institute of Drilling Technology, Dehradun; West Bengal Project; Assam Project and Deep Water group at Mumbai. He was acclaimed for his performance in spearheading the deep/ultra-deep water campaign of ONGC which was christened ‘Sagar Samriddhhi’.
Under his leadership, ONGC drilled the deepest deep-water well covering a water depth of 3174m, a world record. He also led the team to one of the finest Drilling performance in FY’17 when ONGC set a new record of drilling over 500 wells in 2016-17. This is the first time in 23 years that ONGC has crossed the 500-well mark.
Under his guidance, the Company has led the delivery of cutting-edge IT solutions that drive growth, streamline performance and promote efficiency. He has provided much needed support for effective use of ERP and SCADA platform for real time information. During his tenure, ONGC has conceptualized an ambitious companywide project called “DISHA” for creation of a paperless office platform, the implementation of which is now underway.
Shri Shanker is also the Director (In-charge) for ONGC Tripura Power Company (OTPC) and North East Transmission Company Ltd (NETC) besides being on the Board of ONGC Videsh. He is also the Director (In-charge) and Member of the High Powered Steering Committee for Government’s flagship initiative ’Make-in-India’. His vision and dynamic attributes have helped in making numerous operational and policy initiatives and steering the company through many milestones.