The Public Enterprises Selection Board (PESB), has put up a new draft for job description/profile for the post of CHairman-cum-Managing Director (CMD) of Oil and Natural Gas Corporation (ONGC) before the Ministry of Petroleum. This follows the rejection of all 10 shortlisted candidates for the plum post on June 4, 2021.
And now, when the focus of the government is clear to lessen imports and find more avenues of oil from within the country, it seems to be a bit strange, how the PSU headhunter has missed, apart from all important qualifications, the missed the most required experience of a geologist, who has vast training in the field of exploration and digging oil from within the country. A veteran in this field, on condition of anonymity, told www.indianpsu.com that “The basic DNA required for this post, i.e. a geologist amomgst other things, missing from the prerequisites for the top post is very peculiar”.
Apart from other things, the qualification sought for the top post include Engineering Graduate/Chartered Accountant/Cost Accountant/Graduate with fulltime MBA/PGDIM from a leading institute. The age bracket mentioned is 45 to 55 years with a rider of maximum age 57 years.
The position had fallen vacant following the superannuation of the then CMD Shashi Shanker on March 31, 2021 and Director (Finance) Subhash Kumar had been given additional charge of the post of CMD till another candidate could be selected.
Former ONGC CMD Shashi Shanker, was an industry veteran with over 30 years of experience in diverse exploration and production activities and was a Petroleum Engineer from Indian School of Mines (ISM), Dhanbad, he also holds an MBA degree with specialisation in Finance.
His predecessor, Dinesh Kumar Sarraf was a finance man at the core of his heart with over three decades of experience in the oil industry. In ONGC Videsh, Sarraf had institutionalized systems and processes to ensure attainment of the committed targets and introduced ‘zero-based risk review’ mechanism for risk assessment in major acquisitions and mitigations of the risks.