PK Borthakur takes over as Director (Offshore) of ONGC
PK Borthakur has taken over as the Director (Offshore) in the Board of the country's most valuable public enterprise Oil and Natural Gas Corporation Limited (ONGC).
Borthakur steps in as Director (Offshore) at a crucial juncture when ONGC has set ambitious target in augmenting Offshore production, in the context of the organization's Perspective Plan 2030. Congratulating Borthakur for the elevation, CMD Sudhir Vasudeva said there could not have been a better oilman for the assignment at this vital juncture.
P K Borthakur, like his predecessor Sudhir Vasudeva, is predominantly brought up in the professional nuances of offshore oil engineering. He commands a rich portfolio of experiences in diverse fields of oil production chain. Before being elevated to the Board of India's flagship explorer ONGC, Borthakur effectively managed India's biggest oil producing asset Mumbai High and biggest gas asset Bassein & Satellite.
Redevelopment of ONGC brownfields would be a focus area, said P K Borthakur, after assuming office of Director (Offshore) on the Board of India's most valuable PSU ONGC
Notable among his other achievements are commissioning of Mumbai High North Complex, Deployment of Rigs on vintage platforms to drill wells in various formations, and Fast-tracking of Marginal Field Development. His managerial skills helped ONGC leverage benefits in operational de-bottlenecking in Uran process Plant and induction of cutting-edge technologies in Well Services.
A Mechanical Engineer from Guwahati University, Borthakur has been groomed in IIM Lucknow and ISB Hyderabad. The rich industry-academia interface of this thorough gentleman facilitated his conferment with Society of Petroleum Engineers Distinguished Member in 2011.
Speaking after assuming office, Borthakur said that his top most priorities would include fast-track development of the discovered assets including cluster development of marginal fields. "Redevelopment of the brownfields like Mumbai High, Heera and Bassein, which have been contributing over 80 per cent of ONGC's current domestic production, would be a focus area", he said.