No ONGC asset manager at Ahmedabad

Vol 23, PW 5 (16 Jan 20) News in Brief
       

ONGC’s Ahmedabad asset continues to function without an asset manager since former manager Deshraj retired December 31 (2019).

Work at the asset has been hit and now even the smallest jobs need approval from Delhi. "All files go to Delhi or Dehradun because there's no asset manager," an ONGC source tells this report.

Another senior source adds no appointment has happened owing to a delay in promotions within the organisation. There are believed to be three contenders for the post, among them Pankaj Kumar, Cambay asset manager and Bakul Kumar, chief of Well Stimulation Services.

"Pankaj is a strong contender," he adds, alluding to Kumar's unsuccessfull appearance for the director onshore interviews last year. "Running an asset without a head is not healthy," says another source.

"It speaks poorly of ONGC succession planning." Ahmedabad chief of drilling Deshraj headed the asset for two months after replacing Debasis Basu on November 1 (2019).

During Basu’s two year tenure, three major projects have been completed at Ahmedabad: the Rs4843.90cr ($673m) Gamij field redevelopment in February 2019; the Rs1153cr ($160m) gas compressor project in September 2018 and the Rs1470.40cr ($204m) Ahmedabad asset pipeline replacement project in June 2018.