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| New OVL MD NK Verma |
HE HAS been a strategist and an
executioner at OVL and his contribution to make OVL India's most
internationalised company can't be belittled. Meet Narendra K Verma,
the new MD of OVL. A man of passion and perfection, he loves
challenges.
Here are 10 things...
you should know
about him.
1.A brilliant student throughout his
career, Verma has an M.Tech degree in Petroleum Exploration from
Indian School of Mines, Dhanbad in 1986. Also holds a Masters in
Business Administration in Finance apart from an M.Sc degree in
Applied Geology from Lucknow University.
2.55-year-old Verma will lead India's
most internationalised company as its MD where he has already played
a key role in executing acquisitions overseas before August 26, when
he was named to succeed Dinesh K Sarraf. Sarraf was elevated as
chairman and managing director of ONGC on March 1. At OVL, Verma was
responsible for the growth strategy and business development at OVL
with several high value acquisitions in last one year.
3.Verma has a long illustrious career
spanning more than three decades with the oil major.
Has been director (exploration) of the
Maharatna ONGC since April 1, 2013
4.Received prestigious ‘National
Mineral Award’, the highest recognition by Indian government in the
field of geosciences, mining and allied areas, for his outstanding
contribution to petroleum exploration in Mumbai offshore. He was
involved in assessing the offshore blocks in Vietnam, Myanmar,
Indonesia, Qatar, North Caspian and Iran
5.Joined ONGC in 1980 and Verma has been
associated since extensively with exploration and development related
activities in a number of Indian and foreign basins.
6.An exploration geologist, Verma has
conceptualized exploration projects in a wide variety of basins
including deep waters resulting in reserve accretion and evaluation
of hydrocarbon potential.
7.Presently, he is also the Chairman of
OTBL a joint venture company of ONGC and TERI which is in the
business of bio-remediation. 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).
8.An accomplished geologist and manager,
he also dabbles with his pen and has published more than 20 technical
papers and over 40 technical reports.
9.Verma, who will retire in January
2019, will also be eligible for the job of ONGC chairman and managing
director upon Sarraf's retirement in 2017.
10.Public Enterprises Selection Board
(PESB) chose Verma after interviewing seven candidates on May 21.
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